Connells - Worcester - Ref: 000018915

'' Zero Deposit Guarantee Available ''
Stonewater, working in partnership with Worcester City Council, are offering eight rent-to-buy properties at their Bixton Close development on the outskirts of Worcester..
This three bedroom semi-detached property comprises of kitchen/dining area to the front of the property with storage and a downstairs W.C, including a spacious living room to the rear with french doors opening up onto the rear garden. Upstairs offers three double bedrooms including cupboard space with a family bathroom. This home further benefits from two car parking spaces, an air source heat pump system for eco heating and also a rear turfed garden.
What is Rent to Buy?
Rent to Buy is exactly how it sounds. You rent the property on an initial tenancy term of 6 months only (non-negotiable). The rent on the property is set at 80% of the market rent (including service charge) allowing you to save money towards a deposit to buy the home you love with the 20% savings. After a 5 year period you will have the option to purchase the home using your savings. You will be required to show commitment that you intend to extend the rental period to the full 5 years.
What is the criteria?
Working households with at least one tenant in full time employment are eligible to take part in the Rent to Buy scheme.
You should not currently own a property, though Stonewater may consider you if you do but are unable to live in that home due to exceptional circumstance such as a relationship breakdown.
You have to be serious about buying a home in the future and committed to saving the 20% not being charged as rent towards a deposit. You will be asked to sign an Options Agreement confirming this. Council Tax Band: Holding Deposit: £221.00