What is ‘Rent to Buy’?

Rent to Buy is an opportunity to buy a property – at a point of time in the future - at a price agreed to now. Usually the purchase would take place within a period of between 6 months to 3 years.

Rent to Buy is a long-established technique for helping people purchase property and is becoming increasingly popular as house prices and interest rates continue to climb.

Put simply, rent to buy allows you to rent your home whilst you are also paying it off.

Who Can Apply?

Anyone who is sick of renting and wants to own their home.

This includes people who have:

• Little or No Deposit
• Bad Credit
• Ex-Bankrupt
• Self Employed
• Permanent, Full Time or Part Time Employees.

Easy qualifying:

Easy qualifying provides an opportunity for the self–employed, those with poor credit rating or bankrupt individuals to access a ‘Rent to Buy’ house now.

The accumulation of an adequate deposit, improves mortgage application success. 

There are major benefits to house purchasers using a rent-to-own system:

• any accrued equity in the house price belongs to the purchaser, which isn’t the case for people who rent as it is the landlord who benefits from increasing house prices.

• rent to own plans can be established with small deposits

• rent to own purchasers are able to renovate the house with the owner’s consent.

• Self-employed individuals, new citizens to Australia, those who do not have a valid savings record and those with past credit issues are able to become home owners through rent-to-own plans.