Rent To Buy Scheme
Are you looking to buy your own home but haven't got a deposit just yet? Then look no further than this ideal rent to buy property. You can rent this property at 80% of the current market rent with the intention of saving the 20% saving to save up for a deposit. Once you have saved your deposit you can buy a shared ownership part of the property and eventually own 100%. This is a government backed scheme aimed at getting first time buyers onto the property ladder quicker. Regular savings will need to be evidenced to renew the 6 months leases.
The property itself is located in Heywood - this fantastic house boasts an open plan dining area with a fully fitted kitchen and generous size living room. 2 double size bedrooms, a smaller 3rd room and a family sized bathroom with over head shower and ample storage. Excellent condition!
Driveway parking is included and and offered on an unfurnished basis.
For many of us, the first step towards owning our own home is saving up for a deposit. But if most of your money goes on rent and other living expenses each month, it can be a real struggle to build up enough savings for a place of your own.
Thatâ€™s where Rent to Buy comes in. The government scheme was set up to help renters make that transition into home ownership.
With Rent to Buy, you can rent a newly-built home from Onward at approximately 20% below the market rate for up to five years, giving you the opportunity to free up some spare cash to save for a deposit towards the purchase of your first home.
At the end of the five years you can either buy the property youâ€™ve been renting, leave the property, or continue renting but at full market rent value. Find out more about Rent to Buy and whether it could be an option for you.
Stunning family home
Large rear garden