Homes With Options is not a real estate agent. We are a rental provider offering flexible property plans and options. We are experts in Rent to Buy (or Rent to Own, and Rent to Sell for sellers), which is an efficient and flexible scheme that offers both the buyer and the seller individual options tailored to each property. Rent to Buy creates a unique contract for each property, whereby a buyer purchases a property for a fixed annual term, while living in the property and paying monthly rent as they save and add to the mortgage deposit.

By embarking on a flexible scheme, you will gain complete peace of mind that your property is in good hands. We take full care of our buyers and sellers, making sure to meet their individual needs and criteria as they navigate through renting and buying property. We bring together ideal buyers and sellers, with tailor-made contracts that should satisfy everyone. We will also make ourselves contactable and accessible for matters related to the property and the Rent to Buy scheme.

With each individual buyer, we first assess their needs and ask about their specific criteria and what they want from the desired property. We will need to know certain information, such as how much money is saved for the potential property and how much the deposit would be.

For example-

John is a pub manager earning £18,000, Becky is self-employed and can only prove £8,000 of her earnings, but she will be able to prove earnings of £16,000 on next year’s tax return. They also have a £6,000 deposit saved.

They would love a 2-bedroom house in a quiet urbanization and the average sale price for this in their chosen area is £129,995. Therefore, they must be sure that between the two of them they will earn enough in 2 years to be able to obtain the mortgage they need. They can choose to keep saving for their deposit and/or “top up” their rent payments.

If they topped up their rental payments with just £100 a month, they would accumulate an additional £3,600 over 3 years and together with their £6,000 down payment would give them a £9,600 deposit towards the purchase price of £129,995.

We would also need to know what the seller’s desired term is and how long they would need to be in a position to purchase the home. Homes With Options can also assess, based on need, savings, and overall income, how long it will be before the buyer can obtain a mortgage on the property. We can make each schedule and layout unique, based on those needs and our assessment of the buyer.

Through Rent to Buy, fair general rates are given to the buyer. We would rely on the amount of the deposit initially deposited and the full amount for which it was agreed to sell the property.