Paul Barnes and James Hope have purchased a home in St Ives after completing the society's Rent to Home scheme, having lived in one of The Cambridge's properties in Longstanton since 2023.
The Cambridge Building Society has opened applications for its Rent to Home initiative, allowing tenants to reclaim up to 70% of rent paid to use as a house deposit.
Dr Muntasir Hashim said: “The scheme transformed homeownership from a distant goal into a realistic possibility, providing both financial support and peace of mind."
Sophie Rhead said: “Being part of the Rent to Home scheme has meant we’ve been able to build a future together - quicker than we could have imagined."
After nearly three years renting a flat above The Cambridge’s Great Shelford store, 27-year-old school administrator, Liberty Cornell, is now preparing to move into her first home.
Karina O’Leary and her family, along with Thomas Martin are set to move into two semi-detached houses in Woolpit, next week.
Today, the society disclosed that it will donate £175,000 annually from its profits to support local causes.
The ‘Rent to Home’ scheme was launched in 2019 and helps first-time buyers build up a deposit to buy a property.
Its initiative gives back up to 70% of the rent paid by the tenant to be used as a deposit for a first home.
The unique Rent to Home scheme returns 70% back to renters to give them a deposit towards their first home.
The Rent to Home scheme was launched in 2019 and gives first-time buyers 70% of their rent back after three years to use as a deposit to buy.