A Rent To Buy Scheme is for people to acquire and sell UK property over a fixed period of time, at the beginning of the agreement there is no need to secure a mortgage or put down a full deposit. It is also possible for people in financial difficulties to rebuild their credit profile while buying a new property.

A new UK company has been launched called the Rent to Buy Trust, it is a not-for-profit organisation operating in the property industry. The objectives of the Rent to Buy Trust Limited are to establish, develop and monitor best practice in the rent to buy, rent to sell, rent now buy later or any other situation involving the renting or leasing of property with a view to the tenant eventually purchasing the property they are occupying.

Please send all enquiries to This e-mail address is being protected from spambots. You need JavaScript enabled to view it   or visit www.RenttoBuyTrust.org

Seems to be a lot of negative speculation by people who admittedly "don't understand Lease Options & Rent to Buy" - done properly by knowledgeable professionals it is no worse than BTL management.
 

All of the risks to Tenant Buyers & Landlord Sellers can be mitigated within the documentation - if people enter into these serious financial transactions in an informed way, with independent legal advice, they are very beneficial.

Yes, there are con-men & people with criminal intent in every walk of life, talk of "disasters waiting to happen" in my opinion is one person's attempt to be sensational to get an appearance in the major press - well done David, it worked well & I bet you got a lot of hits on your website & sold a few more copies of your book (I really mean well done because that's the name of the game online - get noticed!).

As you will see from other posts I am not 'anti-regulation' (I got my first CCL back in the early 1980's) but regulation has never stopped wrong doing. Also the point about "asking for & giving financial advice" can be slightly misleading - If you are going to rent out your BTL property you will routinely request financial information to ensure they can afford the rent, you then make a decision as to affordability and decide on offering them a 6 or 12 month financial commitment (I know there are regulated firms that offer this service but you get the point).

My thought is that we, the active industry, should start to put together a 'code of [best] practice' before it is imposed - I have already started and I am happy to work with anyone who's interested.

From my world wide research 'Rent to Buy' & 'Rent to Sell' is set to grow in the UK and become another major option in acquiring & disposing of property for the public at large (not just traders doing LO deals) - it's coming folks! so what are we going to do about it?

With best wishes to all,
Carl Henry

The number of people with property that is more of a burden than a benefit can find a quick way out through Rent to Buy - we have started a service called "We Rent to Buy!" www.werenttobuy.co.uk - we will take over all aspects of your property management and find a buyer at a price that solves your problems. It's called Rent to Sell for Landlord Sellers - you deal directly with us and we take away all your problems!

We can take over your property in days - Rent to Buy & Rent to Sell packages to suit all situations.