Rent to HomeBuy
Rent to HomeBuy
Rent to HomeBuy is a simple, affordable way to rent your home now, with the option to buy a share of it later, without overstretching your finances.How does it work?
You pay a discounted rent with the option to buy a share of your home at a later stage. This gives you time to save for a deposit or arrange your finances so you can secure a mortgage. That means a rent you can afford in the short term and a mortgage you can cope with in the long term. Then, if you choose to, you can buy further shares in your property until you own it outright.
What are the costs?
You will need to pay one month’s deposit and rent in advance, and once you have moved in, your ongoing costs will include rent, council tax and utility bills. If you choose to buy a share of your home at a later stage, you will also need to consider the cost of repaying your mortgage.
Buying shares
Once you have started renting, you may buy a share of your home. This will happen at a time that we have agreed with you.
Take the first step
Renting a HomeBuy home is simple. You send us an application form, we check your
finances and references, and then, when everything is in order, you move in. If you want to buy a share of your home at a later stage, we will need to check that you can afford all the costs of owning a home.Registering for Rent to HomeBuy
In order to be eligible for a HomeBuy home, you will need to register with the HomeBuy agent for the area you want to live in:
Berkshire, Oxfordshire or Buckinghamshire
Catalyst
Web: www.catalysthomebuy.org.uk
Telephone: 0845 601 7729
Hampshire
HomesinHants
Web: www.homesinhants.co.uk
Telephone: 02380 628000
Wiltshire, Gloucestershire, Bristol, Dorset, Somerset, Devon, or the West Country
SouthWest Homes
Web: www.southwesthomes.org.uk
Telephone: 0300 100 0021
Contact us now to learn more.
Back To Top
All content © 2012 Sovereign Living [+Sitemap]