Rent while saving for deposit to buy
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.