What is Rent to Own?

Rent to Own is an innovative strategy which is designed to help tenants to get onto the property ladder. Rent to Own allows tenants to rent their desired property for a fixed period of time with the option to purchase the property at a pre-agreed price at the end of the option period.

The Rent to Own Process

Follow our 7 step process below to see how Rent to Own works

Tenant Buyer application is completed either in branch or online.

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A financial health check is carried out on the Tenant Buyer by Rent to Own

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The Tenant Buyer is shown a selection of suitable properties

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The Landlord accepts the Tenant Buyer and both Landlord and Tenant Buyer agree the lease option period, the monthly rent, the future purchase price and the monthly top-up

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The Tenant buyer moves in and makes monthly rent and top-up payments

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At the end of the option period, the Tenant Buyer exercises the option to purchase and the top-up is used as the Tenant Buyer's deposit.

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Upon legal completion, the Tenant Buyer becomes the legal owner of the property.

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Rent to Own has helped me become a home owner. That is position I never thought I would be in 5 years ago.

Anonymous - Proud home owner

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