Important information about Internet Explorer and Torus websites Close
Please note that to provide the most secure and reliable service to our visitors the Torus Group websites will no longer support the Internet Explorer web browser.
We recommend upgrading to one of the latest Microsoft Edge, Google Chrome or Firefox browsers.
Microsoft support for Internet Explorer 11 on many versions of Windows ended on 15 June 2022. Click here for more information: (https://blogs.windows.com/windowsexperience/2022/06/15/internet-explorer-11-has-retired-and-is-officially-out-of-support-what-you-need-to-know/)
Buying a home is one of the biggest decisions you make in life, Torus has a range of affordable purchase options, plus developments across the region offering a range of different homes, we are sure we have something to suit you.
There are several government-backed schemes to help first-time home buyers and existing homeowners to buy a home. These include Shared Ownership and Rent to Buy.
Shared Ownership gives you all the advantages of home ownership on terms you can afford.
You initially purchase a share of a home through a mortgage and deposit or savings. You buy as much as you can afford, from 25% up to a maximum of 75%, and you pay a reduced rent to us on the share that you don't own.
To qualify for Shared Ownership your household must earn less than £80,000 a year and you must not be a homeowner at the time your Shared Ownership sale completes.
If you’re a shared owner, you can increase the percentage of shares in your home, through a process called staircasing. Staircasing allows you to increase your equity share and will reduce the amount of rent you pay monthly. You can staircase up to 100%, dependent on the terms of your lease.
Rent to Buy allows working households to rent a home at 20% below the open market rent (also known as Intermediate rent). This can provide you with the opportunity to save for a deposit to go on and purchase a home in the future.
With Rent to Buy, you can live in a high-quality, new build home for a minimum of five years. During that time, you can save towards a deposit and have the option to buy a home through Shared Ownership.
Find out more about these buying options here: