How Rent to Own Works
Rent2Own provides a great way to get you painlessly onto the housing ladder, quickly and with the minimum of hassle.
In just a few weeks, you could be living in your ideal home – one that you will soon be buying.
How? Quite simply, Rent2Own will help you rent your new home, with an option to buy it at an agreed date in the future. The rent to buy solution gives you the opportunity to save a deposit, improve your credit history, sort your life out or improve your employment position, while all the time living in the house you intend to buy.
Your commitment is only for the length of your ‘Assured Shorthold Tenancy’ (AST) rental agreement and is reliant on you making consistent monthly payments both for your rent and purchase savings plan, but, if for some reason your circumstances were to change and you nolonger wished to proceed with the purchase you are not under any obligation to do so.
In the meantime, you can plan for the time when you make the move from tenant to homeowner, with absolute confidence. You can treat your new home as your own. Decorate it how you wish, plant the garden, undertake home improvements (subject to approval) therefore adding value, which will be extra equity for you and make it somewhere you can feel proud of.
We offer this service as rent to own, but it is sometimes known as alternative names such as rent now and buy later, rent to buy, buy as you rent, a lease option purchase, rent now buy later, try before you buy, own now – pay later, rent then own, rent2buy, the Government’s ‘Homebuy,’ or rent to homebuy and should not be confused with 25% / 50% / 75% shared equity schemes.
No matter what your situation we will be able to help you move into your new home.
Just to summarise the benefits:
- You get to move in fast – without the need of a substantial deposit.
- Take your time to save up a deposit and improve your finances.
- Your option to buy is at a fixed price, so you benefit from a rising market.
- It’s just that, an option – so if your circumstances change, there’s no obligation to proceed.
- Just as in a normal house purchase, your interests are covered by legal agreements.
Click here to register with Rent2Own now! And move into your ideal home sooner than you ever thought possible.
“The most important part of a home is the people inside it.”