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Why Rent to Buy?

Posted by Emma Johnson on February 1, 2019
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The benefits of the Rent to Buy scheme to both landlord/seller and tenant buyer are equally attractive and understanding how it works is the first step.

Why Rent To Buy?

Many people are able to pay a mortgage but cannot save enough for the deposit especially as the prices change so quickly. The Rent to Buy term can be set to suit both parties circumstances and allow enough time to save for a deposit.

We always like to work with the landlord/seller and tenant buyer to create a suitable solution to both parties needs. When a landlord has the intention to sell at some point in the future and would like stress free tenants, this works perfectly.

Benefits To The Landlord

There are many accidental landlords, fed up landlords or just landlords that are looking to sell but are struggling in one way or another. Rent to Buy offers landlords a piece of mind knowing that their property is being looked after by someone that wants to buy the property (often tenant buyers like to improve the property) and rents paid on time and in full every month are just a couple of the many benefits.

When the contracts are drawn up it is clearly stated that the tenant buyer is responsible for any maintenance costs and any other costs associated with the property within the set time period, this is a massive saving for landlords and over the period can save thousands of pounds.

When entering in to a Rent to Buy contract, whether you are the buyer or the seller, a specialist solicitor that is familiar with this type of transaction must be used. We work closely with certain solicitors throughout the country who specialise in Rent to Buy contracts, although you are not obliged to use these solicitors we would recommend them, from our personal experience their knowledge and efficiency is second to none.

How Do I Get Started?

It’s simple… If you have a property and would like us to structure your Rent to Buy scheme, we will pay your solicitor fees. This offer is available throughout Febraury and is not to be missed!

We are currently offering a limited number of properties on our Rent to Buy Scheme and have tenant buyers waiting for their perfect home all across the UK.

Simply sign up here to receive the complete Rent to Buy Guide..

Then, get in touch to get started, by phone on 0333 577 0733 or drop us an email to info@iletproperties.co.uk.

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