The Rent to Buy System

Rent to Buy Homes in Nottingham provides solutions for people who would otherwise not be able to get on the housing ladder. With us you can rent a property today, and know that you have the option to own it tomorrow – even better than that your rent goes towards owning your home. The selection of houses that you can rent to own through us include our own new build or refurbished properties, and properties that we have sourced through our network of investors and home owners. In addition to providing rent to buy properties, we are happy to source properties to your particular requirements and negotiate a rent to buy arrangement with the vendor on your behalf. If we can’t offer you one of our properties, we are happy to offer you this option instead. We are a small team of people who work solely in the Nottingham market, so we know the area well. Our small size means that you are able to talk directly to a person with the power to act on your concerns and queries and we will always tailor a personal solution to you. Rent to Buy in Nottingham specializes in helping people get onto the property ladder. The Rent to Buy in Nottingham system is very simple. Once you have found a property you love, you get to make all the important decision about how to pay it off. Rather than having to pay a big deposit and take out a mortgage straight away, you pay a small Option Fee (your getting started money) to move in, and then pay installments each month on top of your rent. We use the initial Option Fee, the installments, plus a Special Bonus contribution towards your actual purchase mortgage deposit at the end of the scheme. This is how it works… • Register your details with Rent to Buy Homes in Nottingham using the form on the right. • Once we have spoken with you and confirmed some details, we’ll find properties that match your criteria for you to inspect. • When you find a property that you like, then you confirm you would like to enter into a Purchase Option Agreement. We agree with you what time period you would like to take the option over (usually 3-5 years) and confirm the Option Fee (getting started) amount, usually 3-5% of purchase price. Together we set the monthly rental and installment payments that will add up towards your final deposit. • The relevant option paperwork is drawn up by Solicitors along with an Assured Tenancy Agreement for the duration of the option. • You move in and are free to enhance and add value to property during the period as any traditional homeowner would. • At the end of this period you purchase the property at the previously agreed price and any equity the property has gained is all yours! • As a Tenant Buyer you are not obligated to purchase the home at the end of your option/rental period. • The Seller is required to sell the Property to the Tenant Buyer, should the Tenant Buyer choose to exercise the right to buy during the option period.