How it works

Buy the portion you can afford upfront, pay discounted rent on the portion you don't own, whilst buying more in monthly instalments

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1. Find out whether you qualify
You need a minimum 2% of purchase price in savings, plus a good monthly income to cover monthly payments
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2. Tell us the home you want and we’ll buy it for you
You can choose any home you want – not just new builds. We support you through the process of selecting the right home
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3. You buy it from us in monthly instalments
at an agreed price over an agreed period.

Find out what you can afford to buy?

Affordability calculator
£
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Months

£ 261,714

Benefits for Buyers

The hassle-free way to own your home, without
a large deposit or perfect credit score


You only need 2% deposit to start, your rent portion reduces monthly so you own more quicker
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Choose any home you want, not just what’s on our platform
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Our approval process has none of the hassle of traditional credit scoring
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You know exactly what you’ll pay for the home and when, regardless of market price changes
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Mobile
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Your Personalised dashboard

Before you own, your dashboard provides you with a personalised checklist of actions to get you purchase-ready. Once you own, you get an updated progress tracker of your ownership stake, monthly payments and how the value of your home changes over time

Frequently Asked Questions

  • What is Rent-to-own (RTO) or Rent-to-Buy (RTB)? How does it benefit me as a Buyer?
    With RenterBuyer, you don't need 10-25% deposit to buy a home or a perfect credit score. Like car hire purchasing, we make it possible for you to buy the portion you can afford upfront (with as little as 2% deposit); you pay rent on the portion you don't own and buy more every month. The more you own the less rent you pay, until you either own 100% of the home or you own enough to use as deposit for a standard mortgage. It's that simple!
  • How do you determine the property valuation?
    We carry out an independent valuation of the current property price through a survey. To determine a future purchase price, we work out the equivalent annual interest rate you would have paid to a mortgage lender and build this annual interest rate as an uplift on the property value to arrive at a locked-in price in 2, 5, 10, 20 years time. Don't worry if the maths isn't too clear now, it will all be made very clear before you commit to anything and your solicitor will guide you through any complexities.
  • Why don't I just save up the deposit instead as I've been doing?
    Well you could if you have a good credit history, are happy to wait years to save up and happy to be exposed to future house price movements. Many of our buyers want to move into their ideal home as soon as possible and want the certainty of being able to live in an area close to their work or kids' school without having to worry about future house price increases or the landlord wanting the property back.
  • What properties can I buy?
    Literally any property you want, provided you meet our affordability criteria and the property is in good condition to pass indepenent survey! Unlike a shared ownership scheme, you are not restricted to leasehold or new build properties. You can buy your existing rental home if your landlord wants to sell or any other home you fancy. We can also match you to available homes on our portal.
  • How do you assess my eligibility?
    Most of our buyers will typically have between 2-5% of the purchase price in savings and have a good stable income to afford the monthly instalments covering both the rent and the equity contribution towards purchase. Our underwriting criteria is different to traditional credit scoring Unlike traditional credit scoring; we focus on assessing the proof of the sustainability of your income source and your eligibility to get a standard mortgage within 2-3 years at the start of the programme. We work with you to be mortgage-ready and introduce you to partner Banks and mortgage lenders if you choose to buy with a mortgage.
  • How long do I have to own the property?
    You have between 2-20 years to own from renting. At the start, we will work with you to know how you wish to buy, whether with a mortgage or without a mortgage. If buying with a mortgage, we will ensure your monthly payments allow you to build up enough deposit to get a mortgage within 2-3 years. For some properties, you will also have the option to spread the monthly payments so you own it outright 100% over up to 20 years, without ever needing a mortgage.
  • How do you finance the purchase?
    We work with a range of institutional, private investors and housebuilders to finance the purchase of the homes, making it available to you on a rent-to-buy basis. They benefit by getting paid the rent portion and the interest that you would otherwise have paid to a mortgage lender.
  • Is RTO same as Help to Buy, Shared Ownership or similar schemes?
    RenterBuyer is an improvement to the Help to Buy scheme. Our solution has all the benefits of Help-to-Buy but without the limitations. With RenterBuyer, you do not need a perfect credit score to qualify; you are not limited to leasehold new build properties and we do not have an income cap. There are also a number of rent-to-buy arrangements out there directly with private landlords/sellers. These schemes are unregulated and many unsuspecting buyers have fallen prey. Our scheme is fully independent, we work with both sellers and buyers to ensure the process is transparent and both parties are protected throughout the entire process.
  • How is my upfront deposit and monthly payment calculated?
    There are 2 component payments on the rent-to-buy model: UPFRONT DEPOSIT - this is a down payment deductible from your final purchase price. We only require a minimum of 2% upfront deposit. The higher the deposit you put down at the start, the lower the monthly payment you will be required to make. You can check how this changes by using the calculator on the site. MONTHLY PAYMENT- this is split between a rent portion and a purchase credit portion. The rent portion is linked to the rent in the post code, but with a slight discount so you save money in rent from Day 1. The purchase credit is calculated so you can save up enough deposit to be mortgage-ready within 2-3 years or to be able to own the property 100% within 2-20 years. The equity purchase credit portion of the monthly payment is kept in a secure FCA approved escrow account.
  • What happens if house prices go up or down after I agree a purchase price?
    As any home buyer, you take on the exposure to future house price rise or fall. We do not share in the gain if the house prices rise above the agreed purchase price and we do not share if it falls. Our model valuation is designed to be completely transparent. We do not attempt to predict future house prices. Our valuation is based on independently assessed current value, plus annual uplift equivalent to the interest you would pay on a typical mortgage.
  • How do I know this is secure?
    We are a venture capital backed FinTech, with many institutional investors, lenders and solicitors as partners. We are registered with the Property Ombudsman and the equity portion of your monthly payments is kept in a secure FCA approved escrow account so it is available for you to use as deposit at the end of the rent-to-own period. Similar models have worked successfully outside the UK and our innovative approach is meant to provide an ethical, socially responsible way to make ownership affordable to everyone with good income.
  • What happens if I am unable to buy the home after the rent-to-own period?
    Our rent-to-own model is designed to help renters who genuinely want to buy their own home. You choose your preferred purchase date at the start of the programme and this can be anything from 2-20 years. Once the term is agreed upfront, you can purchase the property anytime on or before the agreed purchase date. If you do not purchase at the purchase date, you risk being evicted, losing the 2% upfront deposit you paid upfront, plus some of the monthly purchase credits depending on the circumstances involved and the condition you leave the property. Our legal agreement is very transparent and will spell this all out before you commit to going with the programme.
  • Can I use this to purchase a Buy to Let Property?
    Unfortunately not at this time. Our mission is to help renters become homeowners so our programme is only available to first time buyers and owner occupiers. We however work with Buy to Let property Investors who are looking to sell their property on a rent-to-buy basis, thereby earning both rental yield and the interest that would have otherwise being paid to a mortgage company. So drop us a note if you have a property to sell.
  • How does this compare to renting?
    There are at least 3 reasons why RenterBuyer offers you more than renting: 1. When you rent, you have no stake in the property. With RenterBuyer, part of your monthly payments goes towards building your ownership interest. So unlike renting, you own more of the property each month. 2. With RenterBuyer, your rent portion is often around 10% less than market rent to start with and the rent portion reduces each month as you own more. So you save money and build your deposit quicker 3. With RenterBuyer, you don't have a typical landlord. You can carry out non-structural repairs to the property or get a pet. You're buying it, not renting it.
  • Can I sell the property?
    Yes you can sell in the open market at anytime after you've owned at least 10% equity in the property
  • What is your fee?
    We charge an arrangement fee of 1% of the purchase price, as a one-off fee just before you move into the property.
  • What is the interest you charge?
    We are not a lender so we do not charge interest. Our Partner Investors earn a return by taking a capital premium on their investment of roughly 3% per annum. This is added to the purchase price, so if you bought a £100k today, you will pay around £109k to purchase the property over a 3 year period

Our Partners and Associations