All the properties you will find on this website are being sold in one (or both) of these ways: Rent Now, Buy Later
or
Home Ownership
Rent Now, Buy Later Rent Now, Buy Later does exactly what it says on the tin - you rent a home now but you agree before you move in that you might buy it later (within the given time period). You set the purchase price today but you are not fully committed to buying so if you decide it's not for you, just walk away! In the meantime though, part of the rent you pay each month goes towards the deposit for the property. So you get the best of both worlds - you don't have to sign your life away but we help you save towards the purchase price for the property until you've made the decision!
This is a great way to own your own home if you: - Only have a very, very small amount of get started money (usually between 2-4% of the property price) and don't want to wait years to save up more money
- Know you will be getting some money soon but don't have enough now to get a bank loan
- Believe you may qualify for a bank loan in the near future (1-3 year's time)
- Want to "try before you buy" - (especially if it's an area you're not familiar with) as you can walk away from buying the property if you want to
- Would like some of your rent to go towards owning your home
Home Ownership
This is just like Rent Now, Buy Later, with one exception - you have exchanged contracts so the sale has already started to progress. Because you have committed to buying a property in this way, you will also need to make sure you have enough money saved to pay the stamp duty on the purchase.
This is a great way to own your own home if you: - Don't think you'll qualify for a bank loan for a while (eg if you are new to the country and have to wait your qualifying years)
- Have been declared bankrupt and have a long time to wait before you can borrow from the banks
- Have a deposit of more than 5% and want to put down as much as possible to pay your home off as soon as possible, thus saving lots of ££££
- Would prefer to know your money is going towards paying off the property, just like a repayment mortgage would do
The procedure for both ways of buying: - Find a property from our list and call the contact number on
- Pay the "get started money"
- Sign the contracts
- Move into the property
- Make the monthly payments (which go towards owning the home)
Find out about all new listings as they appear!
