2 Bed Terraced House To Rent

2 Bedroom End Mews - Newly built and available on the RENT TO BUY SCHEME (details below)



Entrance Hallway, Lounge, Kitchen Diner, WC, 2 Double Bedrooms and Bathroom. The property also benefits from 2 allocated parking spaces and a rear garden. The turfed rear garden also includes a garden shed.



What is Rent to Buy?



Rent to Buy is a fantastic way to get on the property ladder when you haven't enough money for a mortgage deposit. It is a government-designed scheme that allows you to rent a home at only 80% of the market rent for the property and use the other 20% to save for a deposit while you rent. You can live in a home at this reduced rent for five years while you save for your deposit. You have the option to buy your home outright or through shared ownership.



Advantages of Rent to Buy



Paying less rent makes it easier to save for a deposit. It could give you access to properties that you would otherwise be unable to afford. By living in the property, you will get a good feel for the house and the community. You get first refusal on the property. You have the option to buy it outright or through shared ownership. You are renting from a registered landlord to offer you a feeling of security.



Eligibility



To join the Rent to Buy scheme, there are a few simple criteria you'll need to meet;



You must be a working household with the intention to purchase the home in the future, before the tenancy begins.

You must have a total household income of £80,000 or less,

You must be a first-time buyer who has not previously owned a home in the UK or abroad. The exception is if you are returning to the housing market due a relationship breakdown.

You should be in a position that you're not able to purchase a home outright on the open market