{"id":479,"date":"2015-05-13T00:00:00","date_gmt":"2015-05-13T00:00:00","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/rent-to-buy\/"},"modified":"2018-02-22T12:01:28","modified_gmt":"2018-02-22T12:01:28","slug":"rent-to-buy","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/rent-to-buy\/","title":{"rendered":"Rent To Buy"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<div class=\"style47\"><span style=\"font-family: Verdana; font-size: 10pt;\"><br \/>\n<span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\">Rent to Buy is an option that allows those struggling to get a <a class=\"wl-entity-page-link\" title=\"Mortgage loan\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/mortgage-loan\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/mortgage_loan;http:\/\/rdf.freebase.com\/ns\/m.0273t5w;http:\/\/dbpedia.org\/resource\/Mortgage_loan\" >mortgage<\/a> to buy a <a class=\"wl-entity-page-link\" title=\"Title (property)\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/title-property\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/title_property;http:\/\/rdf.freebase.com\/ns\/m.01gzht;http:\/\/dbpedia.org\/resource\/Title_(property)\" >property<\/a> after <a class=\"wl-entity-page-link\" title=\"rental\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/renting\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/renting;http:\/\/rdf.freebase.com\/ns\/m.01y857;http:\/\/dbpedia.org\/resource\/Renting\" >renting<\/a> it for a set period of time under a <a class=\"wl-entity-page-link\" title=\"leasing\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/lease\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/lease;http:\/\/rdf.freebase.com\/ns\/m.03x_d3f;http:\/\/dbpedia.org\/resource\/Lease\" >lease<\/a> agreement.The <a class=\"wl-entity-page-link\" title=\"tenants\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/leasehold-estate\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/leasehold_estate;http:\/\/rdf.freebase.com\/ns\/m.03jg1x;http:\/\/dbpedia.org\/resource\/Leasehold_estate\" >tenant<\/a>\/buyer pays rent for the property and has the legal <a class=\"wl-entity-page-link\" title=\"Right-to-Buy\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/right-to-buy\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/right_to_buy;http:\/\/rdf.freebase.com\/ns\/m.06jjh8;http:\/\/dbpedia.org\/resource\/Right_to_Buy\" >right to buy<\/a> it within an agreed time scale for an agreed price.The rent paid can then be put towards the deposit needed for a mortgage. Depending on the length of the rental agreement tenant\/buyers may find that after their rental period ends the <a class=\"wl-entity-page-link\" title=\"Value (economics)\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/value-economics\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/value_economics;http:\/\/rdf.freebase.com\/ns\/m.0bhr4z;http:\/\/dbpedia.org\/resource\/Value_(economics)\" >value<\/a> of their <a class=\"wl-entity-page-link\" title=\"Housing estate\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/housing-estate\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/housing_estate;http:\/\/rdf.freebase.com\/ns\/m.01rtvp;http:\/\/dbpedia.org\/resource\/Housing_estate\" >home<\/a> means they have instant <a class=\"wl-entity-page-link\" title=\"Equity (finance)\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/equity-finance\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/equity_finance;http:\/\/yago-knowledge.org\/resource\/Equity_(finance);http:\/\/rdf.freebase.com\/ns\/m.0hz8s;http:\/\/dbpedia.org\/resource\/Equity_(finance)\" >equity<\/a>. <\/span><\/span><\/span><\/div>\n<div class=\"style47\"><\/div>\n<p><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\"><span style=\"color: #3398cc;\"><strong>Rent To Buy Property For Sale <\/strong><\/span><\/span><\/span><\/p>\n<div class=\"style47\"><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\">Little House is promoting numerous Rent to Buy <a href=\"https:\/\/www.thehouseshop.com\/property-for-sale\" title=\"properties for sale\">properties for sale<\/a>\u00a0and thousands of homes being sold direct by the owner. <a class=\"wl-entity-page-link\" title=\"Use (law)\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/use-law\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/use_law;http:\/\/rdf.freebase.com\/ns\/m.05r4j5;http:\/\/dbpedia.org\/resource\/Use_(law)\" >Use<\/a> our search to find your next property and make an enquiry direct to the owner who may have not heard of rent to buy. We have had many sellers who are struggling to sell opt to sell by rent to buy when it has been explained to them. <\/span><\/span><\/div>\n<div class=\"style47\"><\/div>\n<div class=\"style47\"><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\"><strong>Sell Rent To Buy property &#8211;<\/strong> We are encouraging the growth of Rent to Buy in the UK by allowing sellers list Rent To Buy propety for Free. <\/span><\/span><\/div>\n<div class=\"style47\"><\/div>\n<div class=\"style51\" style=\"margin-bottom: 0px;\">\n<p><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\"><span style=\"color: #3398cc;\"><strong>Rent To Buy in the UK <\/strong><\/span><\/span><\/span><\/p>\n<\/div>\n<div class=\"style47\" style=\"margin-top: 0px;\"><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\">The Rent to Buy option is set to change the way buyers finance a purchase of their home and is set to take off in the UK, it is being billed as one of the best ways to get on the mortgage ladder.<\/span><\/span><\/div>\n<div class=\"style47\" style=\"margin-top: 0px;\"><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\"><span style=\"color: #3398cc;\"><strong>Why Rent to Buy?<\/strong><\/span><\/span><\/span><\/div>\n<div class=\"style51\" style=\"margin-bottom: 0px;\">\n<\/div>\n<p class=\"style47\" style=\"margin-top: 0px;\"><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\">The credit crunch has resulted in <a class=\"wl-entity-page-link\" title=\"Loan\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/loan\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/loan;http:\/\/rdf.freebase.com\/ns\/m.01dnzs;http:\/\/dbpedia.org\/resource\/Loan\" >lenders<\/a> becoming more stringent with their lending criteria. This has resulted in many people without large deposits or squeaky clean credit history unable to buy their own homes with a mortgage. <\/span><\/span><\/p>\n<p class=\"style51\"><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\">The Advantage of Rent To Buy <\/span><\/span><\/p>\n<ul class=\"style47\">\n<li><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\">Makes the rent you pay turn into a worthwhile lump sum <\/span><\/span><\/li>\n<li><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\">Great for <a class=\"wl-entity-page-link\" title=\"First-time buyer\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/first-time-buyer\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/first-time_buyer;http:\/\/yago-knowledge.org\/resource\/First-time_buyer;http:\/\/rdf.freebase.com\/ns\/m.05554_;http:\/\/dbpedia.org\/resource\/First-time_buyer\" >first time buyers<\/a> <\/span><\/span><\/li>\n<li><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\">Ideal for those struggling to saving a deposit <\/span><\/span><\/li>\n<li><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\">Suitable for new Resident to the UK <\/span><\/span><\/li>\n<li><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\">Good for people with poor credit history or no credit track record <\/span><\/span><\/li>\n<\/ul>\n<div class=\"style47\" style=\"margin-bottom: 0px;\"><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\">Companies that offer this service allow you to either choose your own property or choose one from a portfolio of theirs, it depends on what sort of lease option scheme or right to buy scheme they are offering. You can rent the property from them, typically a new-build flat and have the right to buy the property yourself within a three-year period. <\/span><\/span><\/div>\n<div class=\"style47\" style=\"margin-bottom: 0px;\">\n<p><br style=\"font-size: 12pt;\" \/> <span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\"><span style=\"color: #3398cc;\"><strong>Private Sellers Can Offer Rent To Buy <\/strong><\/span><\/span><\/span><\/p>\n<\/div>\n<div class=\"style47\" style=\"margin-top: 0px;\">\n<p><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\"><a class=\"wl-entity-page-link\"  href=\"https:\/\/www.thehouseshop.com\/property-blog\/property\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/property;http:\/\/rdf.freebase.com\/ns\/m.05wrt;http:\/\/dbpedia.org\/resource\/Property\" >Property<\/a> developers, buy to let landlords and home owners may use this method of bringing in an income to pay their own mortgages while, hopefully working towards a sale. For tenants and first time buyers the big draw is that if you do proceed to a sale you will have the rent you paid returned and you can then add this to your deposit. <\/span><\/span><\/p>\n<div><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\"><span style=\"color: #3398cc;\"><strong>The Disadvantages are Minimal <\/strong><\/span><\/span><\/span><\/div>\n<\/div>\n<div class=\"style51\" style=\"margin-bottom: 0px;\">\n<\/div>\n<p class=\"style47\" style=\"margin-top: 0px;\"><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\">The rent you pay while waiting to buy may be priced at a premium of around 10 per cent. However, if you have not managed to save for a deposit by this time, you should have one by default. This is because the mortgage you need to buy the property should be considerably less than its value, providing of course that property prices have continued to rise.<\/span><\/span><\/p>\n<p class=\"style47\"><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\">Private Rent-to-Buy schemes do vary and it is therefore important that you understand the terms of the scheme you are considering. <\/span><\/span><\/p>\n<p class=\"style47\" style=\"margin-bottom: 0px;\"><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\">Other names by which Rent-to-Buy schemes are called include: <\/span><\/span><\/p>\n<ul class=\"style47\" style=\"margin-top: 0px;\">\n<li><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\">Rent Now Buy Later <\/span><\/span><\/li>\n<li><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\">Rent2Own <\/span><\/span><\/li>\n<li><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\">Rent-to-Own <\/span><\/span><\/li>\n<li><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\">Try Before You Buy <\/span><\/span><\/li>\n<li><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\">Rent and Own <\/span><\/span><\/li>\n<li><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\">Own Now Pay Later <\/span><\/span><\/li>\n<\/ul>\n<p class=\"style8 style46 style47\" style=\"margin-bottom: 0px;\"><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\"><strong style=\"font-family: Verdana; font-size: 10pt;\">Sample Rent To Buy Property Advert from Private Seller <\/strong><\/span><\/span><\/p>\n<div class=\"style53\" style=\"margin-top: 0px;\"><span style=\"font-size: 12px;\"><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\"><em>Unfurnished <strong style=\"font-family: Verdana; font-size: 10pt;\">Rent<\/strong><\/em><\/span><em> Now &#8211; <strong style=\"font-family: Verdana; font-size: 10pt;\">Buy<\/strong> Later !<br \/>\nThis two bed semi is located just 4 miles south of Durham City centre. The kitchen is roomy and modern, the living room is bright, 2 double bedrooms, manageable gardens front and back.<\/em><\/span><\/span>The biggest plus is you can <strong style=\"font-family: Verdana; font-size: 10pt;\">Rent<\/strong> and <strong style=\"font-family: Verdana; font-size: 10pt;\">Buy<\/strong> at the same time! The purchase price is \u00a385,000 Minimum deposit of \u00a32,000 The normal <strong style=\"font-family: Verdana; font-size: 10pt;\">rent<\/strong> is \u00a3100 per week Every week we will add a minimum of \u00a325 towards your deposit<\/div>\n<p>You will pay a minimum of \u00a3125 per week. End of year one \u00a385,000 is your start price. -\u00a32,000 deposit paid -\u00a31,300 (extra you have paid) -\u00a31,300 (extra we have paid) At the end of year one your purchase price is \u00a380,400 At the end of year two your purchase price is \u00a377,800 At the end of year three your purchase price is \u00a375,200<\/p>\n<p>&nbsp;<\/p>\n<div class=\"style47\" style=\"margin-top: 0px; margin-bottom: 0px;\">\n<p><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\"><span style=\"color: #3398cc;\"><strong>The HomeBuy Scheme<\/strong><\/span><\/span><\/span><\/p>\n<\/div>\n<p class=\"style47\" style=\"margin-top: 0px;\"><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\">HomeBuy is different from Rent To Buy as it enables social tenants, eligible key workers and first time buyers to buy a share of a home and get a first step on the housing ladder. It offers reduced rents and buyers are offered an equity loan of up to 30 per cent of the purchase price, co-funded by Government and the developer.<\/span><\/span><\/p>\n<p class=\"style47\"><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\">This section gives details for each of the available products and\u00a0provides answers to the most common questions about the scheme. The Homes and Communities Agency\u00a0website gives\u00a0details of the HomeBuy agents\u00a0(external link)\u00a0who provide a contact point for affordable housing options in different areas of England.<\/span><\/span><\/p>\n<p class=\"style47\"><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\">The Government is offering real help for those at risk of repossession. \u00a0A new campaign launched on Friday 20 February 2009 to ensure that people are aware of the help available and how to get it at the earliest opportunity. Visit <a href=\"http:\/\/www.direct.gov.uk\/mortgagehelp\">www.direct.gov.uk\/mortgage help<\/a>\u00a0(external link) today.<\/span><\/span><\/p>\n<p class=\"style47\"><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica,sans-serif;\">Author: Nick Marr<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rent to Buy is an option that allows those struggling to get a mortgage to buy a property after renting it for a set period of time under a lease agreement.The tenant\/buyer pays rent for the property and has the<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/rent-to-buy\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[13,16],"tags":[],"wl_entity_type":[602],"modified_by":null,"_wl_alt_label":[],"jetpack_featured_media_url":"","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/rent_to_buy","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/479"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=479"}],"version-history":[{"count":4,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/479\/revisions"}],"predecessor-version":[{"id":15643,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/479\/revisions\/15643"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=479"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}