Rent-2-Buy Scheme

It is estimated that buyers now need in excess of five times their annual gross income to purchase their first home; this is where our Rent-2-Buy Scheme can assist.

If you have found a property you want to make your home but cannot obtain a mortgage or find a deposit, subject to valuation, the property will be bought and let to you.

We will consider most types of residential property in a good state of repair and being sold for at least 15% below its open market valuation; as this will be a speed purchase, you can usually obtain a price reduction from a new house builder or home owner who is keen to achieve a quick sale of their property.

All we ask is that you pay £75 towards an assessment of the property; this payment is non-refundable. An independent surveyor will be instructed and, if assessed suitable, the property will be purchased and conveyancing costs met by ourselves.

Once legal completion has taken place, you can live securely in the property under the terms of an assured shorthold tenancy agreement; paying an affordable monthly rent. Then, subject to you maintaining your rent account in good order, you will have a five year option to purchase your home and receive a deposit allowance of one half of the original reduction in price; plus a 50% share of any growth in its value.

This facility is available to people on low incomes, restricted salaries, the self-employed and those who are in between permanent employment positions.

* Property and suitability conditions apply
Funded by HomesTrust Plc

Why not request a quote today?