Rent to Buy - how it works
Rent to buy is a new approach to getting on the property ladder. Many people feel caught in the trap where they are forever renting and property prices keep increasing making it a struggle to get on the housing ladder.
This is where rent to buy can help. First you find a property that is available as a rent to buy, you then take out a rental contract, normally 2 or 3 years, paying a little above the market rent (this goes toward your deposit) and then exercise your option to purchase the property in 2 or 3 years time.
The advantages are many:
- Regular savings toward your deposit.
- You get a fixed purchase price option from day 1, thus if in 3 years the property has gone up 10% you have made an instant profit!
- If your circumstances change then you don't have to purchase, you can move on and the end of your tenancy term.
If you would like to find out more just send an email or call us on O2O 8366 8211.
What types of property are available?
Almost any type of property can be purchased in this way, it can be a flat, maisonette, house, even commercial premises.
As properties become available we send details to those registered with us, if we do not have anyone registered for a given type of property or area then we post the details on the website; you will find details here Rent to buy property
How do I register for Rent to Buy?
Simply email us with your contact telephone number, the area(s) you are interested in, and the maximum purchase price you would consider.
We will then add you to our list of potential buyers and contact you when a suitable property is available. Please note that your information will be confidential and only used to inform you about rent to buy properties available.