Has anyone done the Rent To Buy Scheme

Hi,

My partner and I are wondering if anyone has done the rent to buy scheme and if you have any advise or tips. We are thinking of going down this road to get a house as at the moment we are thinking of going renting and saving for a house (which will be hard) but at the same time we don't want to rent as we feel it is dead money.

My partner is in a permanent job which seems fairly secure at the moment but I am only on contract, so we would only be able to get a mortgage on his wages alone. He has a car loan though and its bringing down how much he can borrow. Does anyone know if there is a way to get around this?

I'm not being smart but try to clear the car loan, thats what I had to do . It set me back a few months & took a chunk of my savings but it made a huge difference on how much i could borrow.

Theres threads on this about the rent to buy that might have helpful information for you . What ever you choose just make sure you read all the small print etc & understand what would happen if the price of the property had increased when you go to buy after renting , will you be left having to hand over extra cash or can you borrow more etc.

Best of luck