Homes Rent To Own Wales

Please Note there are several different ways Homes Rent 2 Own Wales structure our agreements, we work closely with each Tenant Buyer to accommodate their specific circumstances.

Lets look at an example of how Rent 2 Own works. In this Rent 2 Own Case our Tenant Buyer chose to pay a higher monthly premium rent, leaving no money needed for the Mortgage Deposit when they choose to purchase the property in 3 years.

We have used 90% mortgages and no property appreciation to ensure our examples are reasonably conservative.

The full purchase deposit amount of 10% is covered from the initial getting started money/deposit paid and the 36 months premium rent payments.
At closing your solicitor will get 90% of the purchase price from your lender. In a traditional home-buying scenario, your solicitor would have expected the other 10% to come from a cheque from you. In this case he/she gets notification from the seller’s solicitor of a £10 000 credit towards your home.

√ No mortgage is required until you choose to buy the property

√ Any property value increases are yours to keep

√  The higher your premium rent payments the bigger your deposit

√  Any improvements you make to the property you get the benefit

Please Note: The initial getting started money/deposit and the monthly premium rents are non refundable if you do not choose to purchase the property.

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