Rent to Buy
General Discussion

MGM
MGM
0 Thanks
5 Posts
4 weeks ago
0

First post so please be gentle!

Current tenant is due to move out tomorrow and by chance previous young tenants have been in touch to ask for a reference for a Rent to Buy (RtB) property.

I intend to sell the property as this last tenancy has been fraught with problems but am intrigued by the RtB scheme. 

As far as I can find out the RtB scheme is for newish properties and predominently run by local councils and housing associations but has anyone been involved with the scheme and is there any advantage for private landlords? As I understand it he rent is capped at around 80% of market rates, so is there any financial reimbursement for that reduction or is it a case of having a (potential) guarenteed buyer at the end of the 2 or 5 year period considered suffiicent incentive?

Grateful for any experience anyone has had of this scheme and thanks in advance.

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