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Rent to Buy .... a complete no brainer!
A comment from www.tryitbuyitproperty.com in response to the recent housing survey by the National Housing Federation
Apart from giving all the media some more ammunition to put the fear of God into anyone trying to sell their home, we've all been reminded once again - and I'm sure at great expense to the NHF - that owner occupation rates are tumbling whilst house prices and private rents soar.
The NHF forecast that the housing market would be plunged into an unprecedented crisis with steep rises in the private rental sector, was .... excuse the pun .... as safe as houses. Huge deposits, strict lending criteria and high house prices, have definitely sent home ownership into decline.
The trend also looks like continuing, but there is of course an alternative. Rent to buy has certainly arrived and is making its voice heard, but much clearer and louder these days.
First time buyers can actually move into the house of their dreams, but rent it first whilst saving for that all important deposit ... and in some cases a proportion of the rent paid is actually set aside to make a contribution towards the rent. What could be better than that?
The lack of first time buyers is creating this stagnation in the market, resulting in hundreds of home owners being unable to move up or down the property ladder. But actually, there's nothing to stop them moving out of their home, renting it to a potential purchaser and then doing the same for themselves ..... it's certainly a no brainer to give it a try, which is where http://www.tryitbuyitproperty.com comes in.
From their perspective interest has never been higher in rent to buy, and they're currently working with both developers of new homes, as well as second hand property owners in the UK and overseas .... and yes it is working!
Designed as a dedicated 'rent to buy' property portal, http://www.tryitbuyitproperty.com matches homeowners with potential renters and future buyers. Properties currently featured range from one and two bedroom homes priced from £400 per month to executive properties at £1,750 per month.
As its name suggest, rent to buy is a simple solution which bridges the gap between renting and home ownership.
The concept is already catching on with both homeowners and new homes developers, because there's no catch. Both the monthly rental payments and option to purchase price are agreed up front together with flexible timescales, and a proportion of the rent can also be used to offset the final purchase price.
The merits of the rent to buy concept also enable individuals to tailor the agreement from the outset to suit their personal circumstances. This means that you can live in the property,check out the neighbourhood and lifestyle,but without the commitment. Now that's definitely a no brainer!
For further information, visit http://tryitbuyitproperty.com