Nottingham House For Rent

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Nottingham House For Rent

Post  Cuddler on Tue May 22, 2012 4:19 pm

We have seen an increase in the last year of enquiries about our rent to buy options, and our colleagues who offer similar options in other locations around the UK have reported a similar jump in enquiries. This is most likely due to the continuing tight conditions for lending from the major banks.Despite pressure from the community and governments to lend more to average people they are still making it very difficult for people with low incomes or small or no deposit or those with some adverse credit or lack of credit history to get mortgages. If you fit into one of those categories, or you prefer the option of having the right, but not obligation to buy the home you’re living in, then rent to buy could be perfect for you.

With banks lending less and requiring bigger deposits because of the credit crunch, rent to buy or rent to own is proving to be one of the best ways to help buyers achieve 100% home ownership. As a tenant buyer, you get to ‘try before you buy’ with a timescale that fits your needs – usually 3 -5 years – and the price is agreed in advance. During this period you can treat the house as if it’s your own, with all the benefits a traditional home owner enjoys, without needing a mortgage to get you started. Under the scheme you always have the right, but not the obligation, to buy the property at anytime – you retain total control so you always have peace of mind.

Cuddler

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