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Hi my dad is a landlord , can he buy a house and rent it then can I buy it with this scheme. It would not be a brand new house as I want to live in my local village with no new housing planned .thanks Gareth. Comment by Gareth – January 7, 2019 @ 10:10 pm. Hello!
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With lease-to-own, you can rent while living in, and paying off your home. It’s an alternative option to homeownership for people who have lower than average credit scores, or who may not have enough saved for a down payment.
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Typically, a lease option gives an aspiring buyer the option to buy a home at a set price following expiration of a lease term of a year or more. In most cases, the would-be buyer pays an.
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Rent-to-own schemes have two components: a standard rental agreement and an option to buy. aspiring home owners who wish to purchase a property through a rent-to-own scheme sign a contract with a vendor that affords them the right to buy the property at the end of an agreed rental period, which usually runs anywhere from two to five years.