Strathclyde Homes launches ‘Rent to Buy’ scheme

Wise consumers are used to adopting a ‘try before you buy’ policy for cars to clothes to jewellery. However, this has never been an available option on a new home – well, not until now. Strathclyde Homes is introducing this unique scheme at its developments at Clyde Riverfront, Yoker; The Link, Clydebank; Love Leith, Edinburgh and Scholars Gate, Bathgate.

It means homebuyers can rent their selected home for up to 18 months and then, if they are happy, can buy it. And this is the good bit, at the end of the 18 months rental period, or at any time up to that period if the purchaser/tenant opts to complete the sale, a figure equal to 50 per cent of the 18-month rental sum will be given as a cashback to the purchaser/tenant. So, while you are renting, you can also be saving towards a deposit, home improvements or anything else for your new home.

Strathclyde Homes sales and marketing director Neil Gaffney says: “Our ‘Rent To Buy’ scheme is designed to get homebuyers into their new home as quickly as possible. It allows them to save towards a deposit while they are living in the new home they will eventually own.

“As an added assistance we will arrange for our mortgage broker to visit our new tenants to offer help and advice for mortgage options later in the rental term. The rent will be set at a fair rent for that type of property, and with half of it going back to the tenant, it’s a win-win for homebuyers.”

Strathclyde Homes knows how to look after its tenants, its sister company Strathclyde Homes Residential Letting has a rental portfolio of over 70 homes, managing them on a daily basis.

The selected properties will be contracted on a lease period of 18 months, will come unfurnished, but will include carpets, light fittings and curtains/ blinds. The rent for individual properties will be available from the on-site sales executives.

A limited number of properties will be available on each development but Strathclyde Homes and its joint venture partners reserve the right to alter the number of properties available without notice.

For further information, log on to Strathclydehomes.com.