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Rent to Buy Scheme

STOP wasting your money on rent, spend it on your future... every penny you spend will go towards the home you want!

About our Rent to Buy scheme

  • The price of your dream home is £285,999
  • You pay £5,000 reservation fee that freezes the price and reserves the property for you for 12 months.
  • You pay a security deposit of one months rent + £500
  • You pay the first months rental of *£1,100
  • You pay the balance of rent (£1,100) for 11 months.

If you proceed to buy you get all the monies paid deducted off the agreed price. If however, you do not buy you would only recieve back the security deposit.

Typical Example

Agreed price £285,999
*Less*
Reservation Fee £5,000
Rental security deposit £1,600
First month rental *£1,100
Following 11 months rent £12,100
Paid or Saved £19,800
Balance to pay on purchase £266,199

The Hartford Homes "Rent to Buy" Scheme Explained

  1. A £5,000 non-refundable Reservation Fee (deductible from the purchase price of the property) is payable on reservation. This is separate from the Rental Deposit, Security Deposit and the First Month's Rent.
  2. A Lease Agreement and an Option to Purchase will be entered into, stating the agreed term and fixed purchase price for the property. The maximum option term is 12 months.
  3. A Security Deposit equivalent to one month's rent plus £500 is required together with the First Month’s Rent in advance. On expiration of the lease the Security Deposit is refundable less the cost of any making good works.
  4. The purchaser/tenant is responsible for the supply of carpets, curtains, light fittings and garden finishes to the rear (specifications vary on different properties - ask your sales advisor for further details).
  5. The purchaser/tenant is responsible for aerial and telecom installations/connection as well as all services, rates and bills.
  6. At anytime during the tenancy, the tenant may issue to Hartford Homes six weeks written notice to purchase the property clearly stating which advocate will be acting for them and confirming the completion date. The completion date must be within the 12 month period.
  7. In the event that the purchase of the property is not completed within the term, the tenancy will terminate and all funds except the balance of the Security Deposit, which is refundable less the cost of any ‘making good’ works, will be retained by Hartford Homes.
  8. Any carpets, curtains and light fittings left in the property after the tenancy has terminated will be deemed the landlords property or will be disposed of by the landlord (disposal costs may be offset against the Security Deposit).
  9. The Rent to Buy Scheme is not suitable for purchasers considering a normal rental. For further details of property available for rental please contact our Sales Advisors.

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