Rent while sav­ing for de­posit to buy

Yorkshire Post - Property - - PROPERTY -

THE Ur­ban Splash apart­ment de­vel­op­ment at Sax­ton in Leeds City Cen­tre is of­fer­ing a rent-to­buy scheme.

Ur­ban Splash and My4walls, the Home­buy Agency for West York­shire, ap­pointed by the Homes and Com­mu­ni­ties Agency to of­fer af­ford­able home own­er­ship schemes are of­fer­ing the Rent to Home­buy de­posit sav­ing ini­tia­tive. Peo­ple can rent a Sax­ton apart­ment for up to five years through the Rent to Home­buy scheme at 80 per cent of mar­ket rent, al­low­ing them to save for a de­posit. The ten­ant can move into home own­er­ship at any point dur­ing the five-year pe­riod. There is also a Shared Own­er­ship pur­chase op­tion for peo­ple who have some de­posit saved.

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