Rent to Buy Property
- Are you Struggling to Raise a Deposit for Your 1st Property?
- Do you have a Bad, or No Credit Record?
- Are you Tired of Paying Dead End Rent?
- Have you Newly Arrived to the UK?
If the answer to any of the above is yes then you have come to the right place.
Here at Rent to Buy Property we are here to help you get a foot on the UK property ladder or simply move into your dream home.
We will explain all you need to know about Rent to Buy, sometimes called Rent to Own.
We will also help you find properties all over the UK that are being offered on a Rent to Buy basis.
Rent to Buy Property Registration
Please don’t forget to register your details so we can contact you when a property matching your criteria becomes available.
Why Rent to Buy Property?
So why would you want to rent to buy property? Well probably because of one of the above reasons;
Maybe you are finding it difficult to get a foot on the property ladder because of the high deposits currently required by lenders. All rent to buy property deals are different however you will generally only need a 3-5% deposit opposed to a 15-20% or more required by lenders. Please go to our how rent to buy property works page to find out more details including an example with all the facts and figures.
Are you currently renting? Are you sick of paying dead end rent? Well with a rent to buy property you will have the option to buy the property at a price fixed today at a future date, generally 3-5 years.
Do you have a bad credit record? Is this stopping you getting a mortgage? Well with a rent to buy property you have the chance to repair your bad credit over a 3-5 year period meaning you will have a much better chance of obtaining a mortgage.
Are you new to the UK? If you have recently arrived in the UK you will find it impossible to obtain finance. However with a rent to buy property you can move into your desired home now & have the option to buy it at a future date by which time you will be able to obtain finance.
Rent to Buy Property Pros & Cons
Ok so now you know what rent to buy property is all about, what are the pros & cons?
Here at Rent to Buy Property we will pull no punches & tell you how it is so you can make an informed decision on whether rent to buy is for you or not.
Rent to Buy Property Pro’s
- You do not need a large deposit to move into your home.
- You can fix the purchase price at today’s value.
- You will benefit from any increase in property value over time.
- You can add value to your home through improvements such as extensions or upgrades.
- Although you are renting you can treat the property as your own from day 1.
- You do not need to have a perfect credit rating.
- It doesn’t matter if you have recently arrived into the UK
- Rent to Buy Property works at all levels of the property ladder.
- You do not need a mortgage at the outset.
- You can save for your dream home while actually living in it!
Rent to Buy Con’s
- You will need a small deposit ( 3-5% generally )
- You will still have to pay rent.
- You must pay rent & option payments on time every month.
- If you decide you don’t want to buy you will lose all option payments already paid.
- You will be responsible for the upkeep & maintenance on the property.