First‑time buyer breakthrough: How Rent to Home helped a Cambridge family buy their first home скачать в хорошем качестве

First‑time buyer breakthrough: How Rent to Home helped a Cambridge family buy their first home

Our innovative Rent to Home initiative as part of Making The Difference has helped a young family take their first step onto the property ladder. Joint applicants Sophie and Jamie were randomly selected by ballot in 2023 as the successful tenants for The Cambridge’s Northstowe property — learning the news on Jamie’s birthday. Since then, the couple’s lives have transformed. While renting the property, Sophie and Jamie have got engaged and welcomed their first child. Leaving the initiative a year ahead of the maximum three-year term, they’ve reclaimed £24,570 of their rent to use as a deposit on their new home, which they moved into a couple of weeks ago. Our unique Rent to Home initiative has been designed to help first time buyers who can afford to rent, but are unable to save a deposit to purchase a home. Successful applicants will be able to rent a newly refurbished property from us for a minimum of one year and a maximum of three years. During this time, if they’re ready to purchase their own home, 70% of the rent they've paid will be returned to help towards the deposit, as this is often the hardest part. The return of 70% relies on the applicant taking a mortgage with The Cambridge. If you’re interested in our Rent to Home initiative stay tuned for more news soon! Find out more: https://www.cambridgebs.co.uk/more/ma... #firsttimehomebuyer