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Rent To Buy Schemes
louiseg0151
Posts: 128 Forumite
I currently rent a house, which I've been in for just over a year. When I took out the rental on the house, it was also advertised for sale (and still is). I'd like to eventually buy the house so I was just wondering if there are any rent to buy schemes that I could maybe suggest to the landlord.
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Comments
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Yes, it's called a "mortgage"0
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BitterAndTwisted wrote: »Yes, it's called a "mortgage"
No need for sarcastic comments!
I mean something like the governments Rent to Homebuy scheme but for private houses.0 -
Was her answer sarcastic? I thought it was just a factual statement.louiseg0151 wrote: »No need for sarcastic comments!
In a word, no, such things do not exist in the private sector.I mean something like the governments Rent to Homebuy scheme but for private houses.0 -
What size of deposit do you have saved to date?0
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Not sure; a while ago a house on our road had a sign up saying 'rent then buy' -rent for 6 or 12 months and then get the money back as a deposit to buy...
They are not council houses. Is this the type of thing you mean?0 -
Rent to buy are just scammy schemes designed to get you to pay more than a property is worth.
If they could sell it for how much they want for it, surely they'd sell on the open market.0
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