Why do people rent a property?

 

​Social housing offers many people their required level of housing through choice.

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Others rent because they don't want to establish roots in any one place whilst they are climbing the job ladder and want to remain transient.



Some do so because they cannot afford the massive deposits needed to be put down towards a mortgage.

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It's also true that if you have poor credit history it's a real challenge being accepted by lenders at the moment.

Do you know you can Rent To Buy?

 

There is a way that you can select a place now that you want to make your own and then RENT it before you BUY it at a later date.​

This is a great way of ensuring the rent you are paying doesn't go to waste as it is being paid to secure your own home that becomes yours to buy in the future.

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The price that you eventually buy your home for is agreed in the current low property price market and fixed, allowing you to benefit from any price rise.

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This means that if you look after your property and add value to it, you will create equity if or when house prices rise again in the future.

Too good to believe... so is it for me?

 

The owner of the house is going to allow you to have all of the Capital Growth gained over and above the price you fixed and agreed at the start.​

In order to show you are serious about wanting to participate, you will need to offer some 'getting started' money to the owner, usually about 5% of the price.

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This will be deducted from the house price when you elect to buy it in the future, and in the meantime you will be responsible for all repairs and maintenance.

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You should carefully consider if this type of purchase scheme is for you as you will lose all monies paid if you decide not to buy the property in the future.

 

Having said that, you wouldn't have had anything to show for your money if you had simply chosen to stay as a regular tenant renting a property.

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For more information on Property Rent Buy call NO CHAIN PROPERTY NOW!​