RENT TO BUY is a way to live in a good quality, affordable home while you save up to eventually purchase it – rent now, buy later. The rent you pay is discounted by 20% of the market rate, leaving you with money each month to save up a deposit for a mortgage.
Rent to Buy is a government backed initiative. You are guaranteed a reduced rent for a minimum period of 5 years, providing you pay your rent and keep to the terms of your tenancy. After 5 years, you can use your deposit savings towards a mortgage to buy your property.
You may qualify for Rent to Buy if you:
•Are employed on a permanent contract and can afford the monthly rent payments
•Are self employed with a minimum of 3 years’ accounts
•Are a first time buyer or do not currently own a home
•Pass our pre-tenancy referencing and affordability assessment
•Do not have any current CCJs / IVA / bankruptcy
•Are up to date with your current rent payments
**ONLINE ENQUIRIES ONLY – CONTACT VIA E-MAILFOR,MORE INFORMATIO & APPLICATION FORM**