Homes Rent To Own Wales

Questions & Answers about Homes Rent to Own Wales “Rent to Own” Scheme

Q.What type of potential Buyer chooses the Rent To Own method?
A. > Families who want to improve their financial profile (i.e. save more money and restore any credit problems) over the course of Renting in order to obtain an affordable mortgage at the end of the Rental period.
>Families with impaired credit who are presently unable to qualify for a mortgage or even suitable mortgage rates due to credit issues.
>Families who want to try out a home, neighborhood, or school district before committing to it long-term.
>Families who are tired of renting and want to take positive steps towards home ownership.

Q. How can I ensure that my credit improves enough to obtain a mortgage by the time my Homes Rent To Own Wales agreement concludes?
A. Homes Rent to Own Wales will help guide you in setting up a strong buyer profile suitable for mortgage lenders. We pride ourselves on Turning Tenants into Home Owners.

Q. Is “Rent to Own” the same as “Lease to Own”
A. Yes- In certain countries like America the terminology is different to the UK, the word “Lease is used instead of “Rent”, other common names the concept is known by are: Lease Options, Rent to Buy and Rent Now Buy Later.

Q. Is there only one type of Rent to Own application.
A. No – Homes Rent to Own Wales works with each applicant to establish the best arrangement for their specific circumstances.

Q. Do you have any Rent to Own Examples that we can look at.
A. Yes – this can be seen on the Rent2Own Case Study Page please be aware that there are several different ways that we structure the arrangement.

Q. Do you offer different types of Rent to Own Homes
A. Yes – We do offer all the different types of properties as Rent to Own Homes from flats to houses (all types) to leasehold and freehold properties.

Q. Is the Homes Rent to Own Wales concept legally binding
A. Yes – the process is overseen by solicitors the same as any normal property purchase.

Q. Is the Rent to Own concept the same as shared ownership
A. No shared ownership is totally different, our belief is that Rent to Own offers far greater benefits, one example is with Rent to Own the price is set from the outset, so any property price rises are our future Home Owners to keep when they purchase the property.

Q. I Love The Concept, What Is The Next Step?
A. Fill in the Rent to Own application form or alternatively you can utilize one of the options available to you on the Contact Rent2Own page

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