Rent to Own – Wales

Rent to Own – Wales

Rent to Own – Wales allows you to build up a lump sum towards a deposit while you rent your home. The deposit can then be used against the purchase of the home.

How it works:

• you will have the opportunity to purchase the home you are renting and can build up a lump sum towards a mortgage deposit whilst renting the home
• you will initially rent the home and can receive 25% of the rent paid over the duration of the tenancy and 50% of the increase in the property value (if any) during the period of time you have rented the property to use as a deposit towards purchasing the property.
• your Rent to Own – Wales agreement lasts up to five years, you can apply to buy your home at anytime between the end of the 2nd year and the end of the agreement.