HomeOwn Your Own Home With Buy By Renting
Buy-By-Renting.com offers a unique solution for people who are unable to buy a home using traditional financing methods. Anyone is able to join Buy By Renting and own their home without a mortgage or loan of any kind. Our system is highly flexible and enables you to choose a payment plan and timescale that fits your requirements. Once you are in your Buy By Renting home you will be able to see how much of the home you own, how many more payments are required until you own the entire home, and how making one off payments or increasing your monthly payment can reduce the time it will take to own 100% of your home. All of this information and much more is available to you 24/7 online.
Example of How You See Your Home Ownership
Ownership Details
| House Value | £80,000.00 |
| Current Ownership | £20,000.00 ( 25.00% ) |
| Monthly Cost | £750.00 |
| Complete Ownership |
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The Benefits of Home Ownership
Financial Security
Home ownership gives you financial security and freedom. Each month your financial security will increase as you own more and more of your home.
Security of Tenure
As a tenant, you can never really call your house a home. At any time the property owner can ask you to move out, making it impossible to feel genuinely settled and part of the community. With us, so long as you make your monthly payments you will stay in the house until you either own it or you choose to move. Your house is now your home and you control when and if you want to move.
Freedom
As a tenant, you are not always permitted to make alterations to the house you live in. You often need to accept other people’s choices and taste. With Buy by Renting this is not the case. You are free to re-paint, alter and improve the house, as you desire. Best of all any improvements you make to your home that increases its value will be to your financial advantage.
Buy By Renting in Six Points
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From the day you move in, you own part of your new home
As soon as you make a payment towards the purchase of your new home, it will immediately show as your legal ownership of that part of the house.
You can at any time see exactly how much of your home you own, in both percentage terms, and in value terms. For example: if you have purchased £4,000 of a £40,000 property, it will clearly show that you own 10% of the house and have at least £4,000 of equity value.
From the day you move in, you own part of your new home
As soon as you make a payment towards the purchase of your new home, it will immediately show as your legal ownership of that part of the house.
You can at any time see exactly how much of your home you own, in both percentage terms, and in value terms. For example: if you have purchased £4,000 of a £40,000 property, it will clearly show that you own 10% of the house and have at least £4,000 of equity value.You choose the initial deposit & how much you pay each month
From the moment that you join the Buy by Renting family you have flexibility. You choose how much deposit you want to put down and how much you want to pay per month. During your purchasing period, you can make additional “one off” payments or increase your monthly payments. Either of these will shorten your purchase period and save you money. Our website will clearly show you these cost savings.
Payments are fixed through the term, so there's no unexpected surprises
So many families have lost their homes through no fault of their own. Interest rates on mortgages and loans can, and do, fluctuate wildly. These changes can be volatile, with interest rates doubling over a short period of time. Of course the main problem has been that whilst the cost of a loan doubles, wages have not increased accordingly. All of our costs are linked to the inflation. Once a year, your monthly payment and house value will increase in line with inflation. For example, if you were paying a rent of £500 per month in 2015 and the rate of inflation for that year was 2%, then in 2016 your new rent would be £510. This is a fixed calculation, so even if rents in your street had increased to £550 you would only pay the agreed £510.
You can pay more or less each month without penalty
We are aware that life can be a bumpy road, so we have made it so that as long as you pay your rent, you can reduce your capital payments in times of need, and increase them when you're feeling more comfortable.
This will, of course, affect how long it will take to buy more of your house, but through your portfolio page your amended figures will be always clearly shown, and if you do come into some money you can make a single payment from as little as £25 to speed up the purchase of your home.You can move house without penalty
Buy-By-Renting has tried to create the most flexible way of buying a home, so we have made your home ownership fully portable.
if you find it necessary to move home during the purchase period then you can either, move yourself and your property equity into another Buy By Renting property or take out the equity that you have accumulated in your home to use as you wish.Your rent helps you buy your property
As you are both the landlord and the tenant-purchaser of your home, each month the portion of the rent that you pay which is owed to you instantly becomes your equity in the home. It is this accelerator principle that greatly reduces the time it will take to achieve outright purchase of your home.
For example, if you own 20% of your home then 20% of the net rent will be converted into equity and will immediately show in your ownership of the property.
Our Advantage
No loan of any kind needed
Easy credit referencing
Very low deposits
Clear real-time information about your property ownership
Rent decreases as ownership increases
You can accept donations
One off payments to shorten the purchase time
Your rent helps you buy your home
Fixed terms so there are no unexpected surprises
Own your home faster than ever
Stop Renting Your House and Start Buying Your Home
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Example Properties
1 Bedroom Flat
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| 1 Bedroom Flat Liverpool £38,000 |
Standard Rental Agreement | Buy By Renting Minimum Plan | Buy By Renting FastTrack | |
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Rent | £350pcm | £400pcm | £500pcm |
| Deposit | £700 | £1200 | £2,000 | |
| Time to Own | NEVER | 20yrs 6m | 11yrs 05m | |
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3 Bed Semi-Detached
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| 3 Bed Semi-Detached Newcastle £70,000 |
Standard Rental Agreement | Buy By Renting Minimum Plan | Buy By Renting FastTrack | |
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Rent | £650pcm | £715pcm | £775pcm |
| Deposit | £1,300 | £2,500 | £4,000 | |
| Time to Own | NEVER | 23yrs 01m | 16yrs 11m | |
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4 Bedroom Detached
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| 4 Bedroom Detached Middlesborough£110,000 |
Standard Rental Agreement | Buy By Renting Minimum Plan | Buy By Renting FastTrack | |
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Rent | £750pcm | £850pcm | £950pcm |
| Deposit | £1,500 | £4,000 | £6,000 | |
| Time to Own | NEVER | 29yrs 2m | 20yrs 5m | |
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