About Rent to Buy

At Property Shop we have been introducing our clients to a great alternative in order to get on that all important first rung of the Property Ladder – Rent to Buy.

RTB involves entering in to a rental contract with the end goal of purchasing the property. A much smaller deposit is paid upfront, and monthly rent paid for the agreed duration of the contract i.e.: 2,3,5 years… At the end of the contract the tenant agrees to purchase the property using all monies paid during the duration of the tenancy as deposit, making it easier to obtain a mortgage.

There are great advantages as well!  In uncertain times an owner can get someone in their property to make sure it is not standing idle and at risk.  Steady income can come in and a sale is something on the horizon once the term ends.  Buyers get the advantage of their rental payments counting for something and ease their mortgage demands when it comes to applying.

To request further information on RTB and to find out if it’s right for you, contact our agents today for a free no obligation and confidential chat.

Check out some great Rent to Buy opportunities here