Presentation
0800 193 8188
1. What is Rent to Buy solution?
Rent to Buy - is the easiest way to step onto a property ladder and buy your own home without stretching your finances.
If you have been refused a mortgage, are unable to save for a deposit, have a low income, are self-employed or even have a very bad credit score, we still can help.
You can directly buy a home of your own by paying for it with your rent.
2. Do I need to be a UK resident to buy a property in the UK?
In the UK there are no restrictions on foreigners buying properties, regardless of residency status or visa. However, non-residents may face different requirements for financing and may be subject to additional taxes, which you can avoid joining our Rent to Buy solution.
3. How can I join the Programme?
To register get in touch with one of our consultants. We will send you a pre-application link via email, which you will fill out and send back to us. You can then pay the registration fee. Once paid you are going to receive your Unique Reference Number and you are officially registered to the Programme.
4. How much does it cost to participate?
You only need to pay the registration fee; there are no other hidden costs.
The deposit you pay when signing the tenancy / property purchase agreement is your money and does not belong to the service provider.
5. What’s next after registration?
After you register, our Acquisition Team will begin searching for properties that match your specifications.
6. What legal protection does the programme offer?
Our programme is underpinned by a legally binding Tenancy Agreement with the option to buy or/and Property Purchase Plan, providing security and clarity for all parties involved. Additionally, you are covered by our insurance policy which protects against claims arising from professional errors or negligence covering the Company and at the same time its Clients.
7. Can I acquire more than one property?
You may acquire more than on property but this depends on availability.
8. How is the funding secured for property acquisition and renovation?
Property purchases and renovations are financed through our network of private investors who support the programme's objectives.
9. Can I pay my deposit upfront?
Yes, you can pay the entire security deposit upfront, but there's no need to.
You can pay the rental deposit when signing the final agreements, before moving into your new home.
10. How long until I move in?
This process takes at least 12 months from the moment of registration. However, our property acquisition team, as well as our renovation crew, will do everything possible to find a suitable property for you and prepare it for occupancy as quickly as possible.
11. What happens if I miss any rent payment?
If you miss a rent payment, we encourage you to contact us as soon as possible to discuss your financial circumstances. We are committed to working with you to find a suitable resolution.
12. Can I move out after the 3 years?
You can move out whenever you wish, and yes, you can move out after the 3 years and are not obliged to purchase the property. Terms & Conditions apply.
13. Can I carry out further renovations or maintenance in the future, and am I obliged to use the services of Andersons & Co?
Yes, you may carry out your own renovation with the approval of our architect or engineer. If you use our services for future upgrades, we would perform another impartial valuation of the property after renovation, and adjust the monthly rent accordingly without you paying for the works. If you make renovations, remodeling, or other changes by yourself, you will be responsible for 100% of the construction costs.
14. What is Stamp Duty?
Information on Stamp Duty Land Tax (SDLT) is available on the Government website: https://www.gov.uk/stamp-duty-land-tax
15. Do I have to pay Stamp Duty?
Using the Rent to Buy solution in full you will not pay Stamp Duty.
