House For Rent £480
Rent-To-Buy With Beyond Housing!! This 2 Bedroom Home Is Perfect For First Time Buyers. The Modern Combined Kitchen Dining Lends Itself Perfectly To Modern Living With French Doors Out To The Garden Providing An Abundance Of Light.Upstairs You'll Find 2 Beautiful Bedrooms And A Stylish BathroomEligibility To assess your eligibility, you'll need to register with a Help to Buy agent.You can apply to buy the home if both of the followingapply:• your household income is £80,000 or less• you cannot afford all of the deposit and mortgagepayments to buy a home that meets your needsOne of the following must also be true:• you're a first-time buyer• you used to own a home but cannot afford to buyone now• you're forming a new household - for example, aftera relationship breakdown• you're an existing shared owner, and you want tomove• you own a home and want to move but cannotafford a new home for your needsIf you own a home, you must have completed the sale ofthe home on or before the date you complete your sharedownership purchase.You must have a good credit record. Your application willinvolve an assessment of your finances.
All you need to know about Rent to Buy
What is Rent to Buy?Do you dream of owning your own home but finding itdifficult to save for a mortgage deposit?Our Rent to Buy scheme helps you to make that dream areality by giving you the opportunity to move in to yournewly built home straight away and pay a reduced rent,giving you extra time and money to save towards yourmortgage deposit.You can move in to your new home straight away, rentingthe property on an Assured Shorthold Tenancy for 5 years.During this time your rent will be at a reduced rate of just80% of the full market rent value.After 5 years you'll have the option to purchase yourhome outright.Why choose Rent to Buy?• You are able to live in a brand new home and savetowards purchasing the property• You will pay a reduced rent - 20% less than the fullmarket value• You will receive financial advice to help to work towardbecoming a homeowner after the initial 5 year period• You can feel secure in your new home knowing thatyou will be able to buy your home in the future.Who is eligible for a Rent to Buyproperty?• You'll need to be in a working household, which meansat least one member of your household must be in fulltime employment• You must be a first time buyer having not previouslyowned your own home or where you are looking toreturn to home ownership following a relationshipbreakdown• You cannot be a current homeowner (or named onthe deeds of another property) either in this countryor abroad• You have a good credit history without any outstandingcredit issues such as unsatisfied defaults or county courtjudgments (CCJs)• You are a UK citizen or have the right to remain in the UK• You would be unable to purchase a home suitable foryour needs without assistance• You will be assessed to ensure you are eligible for thescheme and that you are currently unable to afford tobuy on the open market and are intending to buy yourown home in the future.Allocation of propertiesOn some of our new build housing developments, thereare requirements specified at the planning stage, whichgive priority to applicants who live and work in the localarea. If this is the case you may be required to provideadditional information to support your application.There are no restrictions on the size of the propertyyou can apply for. We will use our discretion duringthe application process to ensure our properties areallocated appropriately, based on the number of intendedoccupants, should there be multiple applications foreach development.The application processApplications can be made online via the Viola Homeswebsite violahomes.co.uk.If you do not have access to the internet, please contactus on[use Contact Agent Button] for a paper application form.All applicants over the age of 18 applying for a Rent toBuy property will be required to undergo a financialassessment and statutory checks which will be carriedout by our independent financial advisor. There will be nocost to you for these checks.The assessment includes:• A right to rent check and fraud prevention checksto confirm that you have the legal right to rent aproperty in the UK. You will need to provide validproof of your current address and photographic ID• Confirmation of your monthly household income• Credit referencing to confirm you have an adequatecredit score to obtain a mortgage after the initial 5year period• Please be aware we will be unable to proceed withyour application if you have any bankruptcy or countycourt judgments (CCJs) issued within the last 3 years• We will require a reference from your current landlordor letting agency (if applicable)• Only applicants approved for Rent to Buy andincluded in the application can live in the property.Subletting is not permitted within the terms of thetenancy agreement. You must notify us of any changeto the household details during the tenancy period.Rent to Buy All you need to knowThe tenancy agreementYou will be required to enter into an Assured ShortholdTenancy Agreement which will be fixed for the first 6months.This is a Rent to Buy tenancy allowing you to rent yourhome on a reduced rent to work towards becominga home owner after the initial five year period. Thetenancy agreement will need to be signed by bothyou and Beyond Housing before you move into yourhome. You will be provided with a copy of the tenancyagreement during the application process to give youtime to read and understand the commitment youare entering into. The tenancy agreement will set outthe responsibilities of both Beyond Housing as yourlandlord and yourself as our customer. This will includeyour liability for paying your rent and upkeep of theproperty. It will also detail our responsibilities to youas a tenant and your responsibilities to us as landlord.The tenancy agreement is a legally binding contractand it is important to remember that any breach of theagreement could lead to further action being taken toend the tenancy. A reservation fee will apply.Rent and service chargepaymentsThe rental amount will be set at 80% of the currentopen market rental value, including any service chargepayments. Rent and service charges are reviewedannually on 1 April.These will be calculated in line with the detailsstipulated within your tenancy agreement and will bechecked to ensure they do not exceed 80% of the openmarket value.A service charge is the payment collected to cover anyexternal or internal communal costs, such as communalopen space. Should a service charge be payable for yourproperty, you will be provided with a breakdown of thecosts. You will be required to pay the service chargewhile you are our customer and also once you purchaseyour home on either a freehold or shared ownershipbasis and we will provide you with an up-to dateschedule at that time.Rent payments will be collected on a monthly basis inadvance. The first month's rent is to be paid 1 workingday prior the start of your tenancy and then monthlyby direct debit in accordance with the date you movedinto your home. i.e. for a tenancy which commences on14 March the rent will be due on the 14 of each monthmoving forward.ExampleRenting privately onthe open marketRental Value 100%Rent (pcm) £700Rent to Buy SchemeRental Value 80%Rent (pcm) £560Monthly Saving £140Other associated costs withRent to BuyIn addition to your rent payments, you will be responsiblefor all utilities (gas, electric, water) associated with theproperty from the day you move in.Meter readings will be taken at the handover meeting toallow you to set up accounts in your name.You will also be responsible for council tax and anytelephone, Wi-Fi and TV subscriptions.If you choose to purchase your home you will be liablefor the following costs:• Solicitor fees• Stamp duty (if applicable)• Mortgage arrangement fees (if applicable).If you decide to end your tenancy and move out of yourhome you will be liable for:• Removal costs• Any rent or service charge arrears, which will need tobe cleared before the end of your tenancy.Repairs and maintenanceAs your landlord, Beyond Housing is responsible formaintaining the property under the terms of the tenancyagreement. When you move into your home you willbe provided with a handover pack which will includeinstructions on how to report a repair or property defectto us. You will also be given details of how to set up a Meand My Home online account. This allows you to checkyour personal information, your rent statement andreport repairs.You also have your own responsibilities within thetenancy agreement to keep the property in good order.Beyond Housing will not be held responsible for costsrelating to damage caused to the property by customersor visitors.Rent to BuyAll you need to knowRent to Buy All you need to knowRent to BuyAll you need to knowWhat happens if I want topurchase my home?If at the end of the 5-year period you wish to purchaseyour home, a
All you need to know about Rent to Buy
What is Rent to Buy?Do you dream of owning your own home but finding itdifficult to save for a mortgage deposit?Our Rent to Buy scheme helps you to make that dream areality by giving you the opportunity to move in to yournewly built home straight away and pay a reduced rent,giving you extra time and money to save towards yourmortgage deposit.You can move in to your new home straight away, rentingthe property on an Assured Shorthold Tenancy for 5 years.During this time your rent will be at a reduced rate of just80% of the full market rent value.After 5 years you'll have the option to purchase yourhome outright.Why choose Rent to Buy?• You are able to live in a brand new home and savetowards purchasing the property• You will pay a reduced rent - 20% less than the fullmarket value• You will receive financial advice to help to work towardbecoming a homeowner after the initial 5 year period• You can feel secure in your new home knowing thatyou will be able to buy your home in the future.Who is eligible for a Rent to Buyproperty?• You'll need to be in a working household, which meansat least one member of your household must be in fulltime employment• You must be a first time buyer having not previouslyowned your own home or where you are looking toreturn to home ownership following a relationshipbreakdown• You cannot be a current homeowner (or named onthe deeds of another property) either in this countryor abroad• You have a good credit history without any outstandingcredit issues such as unsatisfied defaults or county courtjudgments (CCJs)• You are a UK citizen or have the right to remain in the UK• You would be unable to purchase a home suitable foryour needs without assistance• You will be assessed to ensure you are eligible for thescheme and that you are currently unable to afford tobuy on the open market and are intending to buy yourown home in the future.Allocation of propertiesOn some of our new build housing developments, thereare requirements specified at the planning stage, whichgive priority to applicants who live and work in the localarea. If this is the case you may be required to provideadditional information to support your application.There are no restrictions on the size of the propertyyou can apply for. We will use our discretion duringthe application process to ensure our properties areallocated appropriately, based on the number of intendedoccupants, should there be multiple applications foreach development.The application processApplications can be made online via the Viola Homeswebsite violahomes.co.uk.If you do not have access to the internet, please contactus on[use Contact Agent Button] for a paper application form.All applicants over the age of 18 applying for a Rent toBuy property will be required to undergo a financialassessment and statutory checks which will be carriedout by our independent financial advisor. There will be nocost to you for these checks.The assessment includes:• A right to rent check and fraud prevention checksto confirm that you have the legal right to rent aproperty in the UK. You will need to provide validproof of your current address and photographic ID• Confirmation of your monthly household income• Credit referencing to confirm you have an adequatecredit score to obtain a mortgage after the initial 5year period• Please be aware we will be unable to proceed withyour application if you have any bankruptcy or countycourt judgments (CCJs) issued within the last 3 years• We will require a reference from your current landlordor letting agency (if applicable)• Only applicants approved for Rent to Buy andincluded in the application can live in the property.Subletting is not permitted within the terms of thetenancy agreement. You must notify us of any changeto the household details during the tenancy period.Rent to Buy All you need to knowThe tenancy agreementYou will be required to enter into an Assured ShortholdTenancy Agreement which will be fixed for the first 6months.This is a Rent to Buy tenancy allowing you to rent yourhome on a reduced rent to work towards becominga home owner after the initial five year period. Thetenancy agreement will need to be signed by bothyou and Beyond Housing before you move into yourhome. You will be provided with a copy of the tenancyagreement during the application process to give youtime to read and understand the commitment youare entering into. The tenancy agreement will set outthe responsibilities of both Beyond Housing as yourlandlord and yourself as our customer. This will includeyour liability for paying your rent and upkeep of theproperty. It will also detail our responsibilities to youas a tenant and your responsibilities to us as landlord.The tenancy agreement is a legally binding contractand it is important to remember that any breach of theagreement could lead to further action being taken toend the tenancy. A reservation fee will apply.Rent and service chargepaymentsThe rental amount will be set at 80% of the currentopen market rental value, including any service chargepayments. Rent and service charges are reviewedannually on 1 April.These will be calculated in line with the detailsstipulated within your tenancy agreement and will bechecked to ensure they do not exceed 80% of the openmarket value.A service charge is the payment collected to cover anyexternal or internal communal costs, such as communalopen space. Should a service charge be payable for yourproperty, you will be provided with a breakdown of thecosts. You will be required to pay the service chargewhile you are our customer and also once you purchaseyour home on either a freehold or shared ownershipbasis and we will provide you with an up-to dateschedule at that time.Rent payments will be collected on a monthly basis inadvance. The first month's rent is to be paid 1 workingday prior the start of your tenancy and then monthlyby direct debit in accordance with the date you movedinto your home. i.e. for a tenancy which commences on14 March the rent will be due on the 14 of each monthmoving forward.ExampleRenting privately onthe open marketRental Value 100%Rent (pcm) £700Rent to Buy SchemeRental Value 80%Rent (pcm) £560Monthly Saving £140Other associated costs withRent to BuyIn addition to your rent payments, you will be responsiblefor all utilities (gas, electric, water) associated with theproperty from the day you move in.Meter readings will be taken at the handover meeting toallow you to set up accounts in your name.You will also be responsible for council tax and anytelephone, Wi-Fi and TV subscriptions.If you choose to purchase your home you will be liablefor the following costs:• Solicitor fees• Stamp duty (if applicable)• Mortgage arrangement fees (if applicable).If you decide to end your tenancy and move out of yourhome you will be liable for:• Removal costs• Any rent or service charge arrears, which will need tobe cleared before the end of your tenancy.Repairs and maintenanceAs your landlord, Beyond Housing is responsible formaintaining the property under the terms of the tenancyagreement. When you move into your home you willbe provided with a handover pack which will includeinstructions on how to report a repair or property defectto us. You will also be given details of how to set up a Meand My Home online account. This allows you to checkyour personal information, your rent statement andreport repairs.You also have your own responsibilities within thetenancy agreement to keep the property in good order.Beyond Housing will not be held responsible for costsrelating to damage caused to the property by customersor visitors.Rent to BuyAll you need to knowRent to Buy All you need to knowRent to BuyAll you need to knowWhat happens if I want topurchase my home?If at the end of the 5-year period you wish to purchaseyour home, a
