A division of Ronan Property Services

 

Advantages of a Rent2Buy scheme

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1. The down payment required for these schemes is very minimal as compared to that required by the banks and loan/mortgage companies.
 

2. You can quickly move in and enjoy the feeling of pride involved in owning a home
immediately. The long periods of waiting and filling of tons of forms is avoided in this process.

 

3.A Rent2Buy scheme allows you a time span for arranging the credit required to qualify for the loan. It also clears up the credit rating by forming a good payment history.


4. In some cases a purchase option with the rental agreement can allow an additional part of the monthly payment of rent to be credited to you as a credit towards your eventual deposit. This helps in building a down payment during the rental period.


5. The entire amount paid of the deposit is also credited back to you at the time of taking the  option.


6. The requirements of qualification are not as strict as in the case of the conventional financing
systems.

 


7. There are no insurance or tax payments to be made. However, you are recommended to get a rental insurance policy for your contents.

8. You can renovate the concerned property, knowing that the advantages of the renovations will be enjoyed by you in the future, and not the landlord.

 


9. Any kind of appreciation received by the property is a profit for the prospective tenant/buyers, and the eventual decision to sell the property at some time in the future will always give rewards.


10. The most important aspect of the option to purchase is it fulfils the ownership dreams
of many people, who otherwise would not be able to achieve it.

 

A wonderful opportunity

 

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Please Note: The Rent2Buy schemes referred to are based on the originals used directly by the operators of this website. They are used as examples for your information, however Rent2Buy properties are offered by a large number of individual investors who may use variations of this theme. Full details will be provided to you when you express an interest in a featured property. Each investor has signed up as one of our Associates before being allowed to use the facilities of this site and has agreed to a set of rules and ethical guidelines for your protection. Click here to view this agreement.
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