The rent to buy process is really pretty straightforward.
Submit your info on this website here .The details you provide, if validated after our verification will enable us to create a FREE account on this platform for you.
We do not charge any assessment fee. You’ll get immediate access to great rent-to-buy homes, plus a whole lot more from the client area.
We’ll look at your situation, the type of property you’re looking for, and show you your rent-to-buy homes here in your preferred area and the surrounding areas.
We will then assess your application which will include a credit check with any of the local Credit Reference Agencies (CRAs) and reviewing your overall affordability, to ensure you can buy the property at a later date. So if you have taken any loan, be it a Quick Loan from your phone and have declined or refused to repay your debt, you may be refused accessing our services as well.
Once you have received your Decision in Principle, which outlines the maximum property price you can search for based on your affordability, the house hunting can begin. Your potential new home will have to meet all of our property requirements.
View the preferred local area and surrounding areas homes that fit what you’re looking for.
If you like a home and want to apply, you can complete an online application from the client area after you have logged in. Don’t worry – we help people with all kinds of credit and financial situations, and if you can afford the property, we can probably help you to own it.
As we acquire new properties each month and/or quarter, as long as you’re on our Rent To Buy / Purchase List, you’ll get email alerts with the latest properties available, if you do not get what you want on first try.
After you’re approved to rent the property, we’ll agree on a monthly rent amount and the future purchase terms. Then just sign the documents, pay the Getting Started Money (GSM) and move on in.
Your lease purchase agreement (also known as the rent to buy contract) will spell out the length of time that you have to complete the purchase of the property; we custom tailor each agreement to meet your needs to insure the best chase of success.
Note that, if we are buying the property from another developer or owner for onward rent-to-buy arrangement with you, you need to pay us via our nominated lawyer/law firm the GSM and holding deposit equivalent to one(1) month's rent, before our lawyers start their bit - This payment would have to come from your appointment lawyer to our lawyer, before we can proceed.
Move in and pay your rent payments on-time, and then at the end of the rental agreement you can decide if you want to purchase the home or not.
The purchase of your home usually takes place through a traditional mortgage loan, but there are other ways to complete the purchase, depending on your finances. Your ability to get a mortgage with a particular lender will be dependent on your own circumstances and their lending criteria.
All houses purchased through the Rent to Buy are subject to funding, contract, title, inspection, and valuation by an external valuer. All purchases are subject to the applicant having signed a Tenancy agreement and an Option to Purchase agreement in respect of the property.