Click here for a short video on how it works.

In a perfect world everyone who wanted to own a house would have a 10-15% deposit saved up, perfect credit, a mortgage offer, money for legal fees saved, a survey and a spare pot of money in case something needed repairing or replacing.

Unfortunately we all know that reality is very different.  If we could show you how to move in to your own home with less costs, less risk and much less hassle? Would you be interested?

Rent to own is not a new concept, its just buying a house over an extended period of time.  After a modest initial payment, you can move in in a matter of days, make a smaller initial payment than a bank would expect, then make your monthly rent payment.  You don't need to pass the checks and have perfect credit that banks insist on and you can save for the remainder of your deposit whilst you live in the house.  Some properties will even allow some of your rent to go towards the purchase price!

If I were to ask how much of your rent goes towards buying your own home?  What would you reply? None? You had better keep reading...

Compared to the alternatives rent to own is much easier; you can choose whether you buy, you can change your mind and walk away. Certainly not something the banks would be willing to do.

How does Rent to own work?

Rent to own works in a similar way to buying a car on finance.  With a car, you pay a deposit, drive the car out of the showroom and pay a monthly payment.  At the end of the term – usually 2-3 years they ask you if you want to buy it or hand it back.  Rent to own works in exactly the same way but with a house.  Does that sound like something that would interest you?

So here's an example: we move into a 3 bedroom rent to own house and live there for 3 years before getting a mortgage from the bank.

The house is worth £120,000

You pay a £3,600 initial payment (much less than the bank would want.)

You move in and pay your rent of £500 a month.

Each month you pay an extra amount of £150.

We will also match your extra payment for the first 3 years. So every month you are saving £300 for your deposit.

At any time you can own the house outright (unlike shared ownership.)  In this example, after three years, you decide home ownership is for you. 

Q. How much will you pay?

The purchase price of the rent to own home remains fixed over the three years.  You paid a £3,600 initial payment (usually 3-5% of the property value) and each month you paid an extra £150 which we also match

A. £120,000- £3,600 = £116,400 - £300 x 36 months (£10,800) =  £107,200 so you've managed to save £12,800.

£107,200, but as the purchase price was £120,000 you have a £12,800 deposit!  You can go to the bank (who are much less nervous than they were) get a mortgage, and also the value of the rent to own house may have gone up – any increase in the property price due to house price increases OR your home improvements are yours to keep!