• Willow Tree Housing Partnership

  • Cornfield Way North Tawton Devon EX20 2FB West Devon

Total rent £ 161.53 Weekly

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Description

Rentplus rent-to-buy 2 bedroom / 4 person semi-detached house with gas heating, own garden and driveway with space for two cars. The rent is £161.53 per week. This property is available for an initial agreed rental period of 12 years and 9 month (until September 2037) and would then be sold at that time, ideally to the tenant. Those assessed as a one bedroom need may also bid on this property.

Preference to applicants with a local connection to the parish of North Tawton. PLEASE ENSURE YOU MEET THE REQUIREMENTS FOR THE RENTPLUS SCHEME AND THE LOCAL CONNECTION BEFORE YOU BID.

Rentplus is aimed at people who aspire to home ownership. RentPlus properties are rented at an affordable rent (80% of market rate) for an initial agreed period. At the end of the agreed period the property is sold, ideally to the existing tenants who will also be given a gifted deposit by RentPlus equal to 10% of the sale price. For general information about RentPlus please go to www.rent-plus.co.uk

You will need to meet the criteria for the scheme in order to be considered:

  • Currently in work, training for a qualification or otherwise able to show how you will be able to buy the property at the end of the agree rental period.
  • Have a household income of less than £80,000 per year.
  • Willing and able to save for purchase costs and deposit during rental period, whilst paying rent and household expenses.
  • Meet the local connection requirement.

Rentplus is aimed at people who aspire to home ownership, so an affordable rent (80% of market rate) is charged for an initial agreed rental period after which the property is sold, ideally to the existing tenants who also receive a 10% gifted deposit.

Key facts

Location