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rent to buy schemes
ladyvontruffle
Posts: 1 Newbie
Has anyone got any experience of how this works and what the pros and cons are? I own a property and because people are struggling to get a mortgage, I can't sell my property so am considering the rent to buy scheme-any thoughts appreciated.
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Comments
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Rent to buy is offered by Housing Associations as a form of social housing. You rent a property at below market rate and are offered the opportunity to buy it, also at below market rate, a little later.
http://www.orbithomebuyagents.co.uk/main.cfm?type=RENT2HOMEBUYI am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
ladyvontruffle wrote: »Has anyone got any experience of how this works and what the pros and cons are? I own a property and because people are struggling to get a mortgage, I can't sell my property so am considering the rent to buy scheme-any thoughts appreciated.
If its not selling, then its priced too high, simples :beer:0
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