Rent to Buy/Own

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    Rent to Buy/Own

    Hi all -- i'm new to the forum.

    I'm looking for information on rent to buy/own. I'm currently a landlord but was thinking of using RTB on one of my properties as an exit strategy. I'm familiar with the requirements and how to set up/maintain a normal tenancy agreement but know very little about RTB.

    Basically i would like to know the process for setting up a RTB and maintaining the agreements etc. Ideally, if one of you could provide a list for the former and latter it'd be great... OR point me in the right direction of course.

    Thanks you in advance.


    Offering your property as RTB will be a real help for a first time buyer. I'd love to post links but they will just be flagged as spam, however if you Google home owners alliance and contact them they will put you in touch with your local rent to buy agent.


      Thanks for replying... Had many a bad experience using agents. I'd like to do this myself. Have you or anyone done this?


        Is this really suitable for you ?


          Having read various articles I think the following extract might be of interest.

          Rent to Buy Homes

          As a first time buyer struggling to make the transition from renting to buying and to get onto the property ladder, you could benefit from the government’s rent to buy scheme.

          Learn about what rent to buy is and whether or not it is a good option for you with our helpful guide.
          What is rent to buy?

          Rent to buy, also known unofficially as try before you buy, rent to own or intermediate market rent is a government scheme aimed at helping out first time buyers struggling to purchase their first property outright.

          Those who qualify for the scheme can enjoy subsidised rent on a qualifying property for a set period, after which they’ll have the option of either buying the property outright or entering into a shared ownership deal. We’ll explain exactly what shared ownership entails later in this guide.

          The set period will vary from property to property up to a maximum of five years. During this time, renters can benefit from rates generally at around four fifths of the market value of the property, making rent to buy a very attractive option when and where it is available.

          One of the benefits of having a longer lease term is that you are more likely to be able to purchase the property at the end as you will have had more time to save up enough money.

          A shorter lease means you’ll have less time to save but there will also be less of a risk of house prices rising up and you no longer being able to afford the property even if you had saved.

          If you so choose, you can purchase the property outright or enter into shared ownership of it at any point during the lease period, you will simply be forced to make a decision at the period’s end.

          If you are entering into a rent to buy scheme, you should contact a mortgage advisor to find out if you’ll be eligible to take a mortgage out on the property in question as well as to get a valuation.
          What is rent to buy?

          There are certain requirements placed on those wishing to enter into a rent to buy scheme. You must:
          • Be a first time buyer,
          • Have a household income of under £60,000, and
          • Have a relatively good credit rating.

          The local authority governing the area in which the property in question is may then impose further restrictions or have certain rules they follow when selecting who is eligible to rent to buy. For example, priority is often given to those currently living in council houses. You will have to contact the relevant local authority to find out what conditions they place on prospective candidates for rent to buy.

          ​​​​​​There are schemes being promulgated amongst the Seminar “Experts” where tenants are sourced ( Possible fees to pay !!) and pay a higher than normal rental rate but have an option to buy at an agreed price .


            Ahh, OP fails to qualify as a first time buyer


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