Rent to own
A smarter way to becoming a home owner
Getting onto the property ladder today is tougher than ever. The
average first-time buyer in the UK is now around nearly 40 years old, and in London it can be much later. Rising prices, strict mortgage checks, and hefty deposits often leave people stuck renting with no real way forward.
But there is another way.
What is Rent to Own?
PR Property’s Rent to Own solution is designed to help you move from renting into homeownership without needing a huge deposit or immediate mortgage approval.
Think of it like a “try before you buy” plan for your home. You move into the property now, pay an affordable monthly amount, and have the option—but not the obligation—to buy later at an agreed price.
Unlike renting, your payments aren’t just money out the window—they’re building your future.
Why Choose PR Property’s Rent to Own?
Get onto the property ladder sooner – without a big deposit upfront.
No mortgage required at the start – giving you time to build credit and savings.
Live in your future home while you decide if it’s right for you.
Lock in today’s purchase price – protecting you from rising property prices.
Benefit from First-Time Buyer Stamp Duty Relief (up to £300,000 from April 2025).
Every agreement is tailored to your situation—we’ll work with you to make sure monthly payments are affordable and realistic.
How It Works
Here’s a simple example:
• Agreed Property Price: £240,000
• Term: 5 years (flexible to suit you)
• Upfront Contribution (3%): £7,200
• Monthly Rent: £1,000
• Monthly Ownership Contribution: £280
By the end of 5 years, you’ll have contributed:
• £7,200 upfront contribution
• £16,800 in monthly contributions (60 months × £280)
• £24,000 in total towards your purchase
If you decide to buy at that point, you’ll only need a mortgage on
the remaining:
£240,000 – £24,000 = £216,000
​
And if your circumstances change and you choose not to buy?
No problem—you can simply walk away.
(Note: contributions are non-refundable but count towards your
purchase price if you go ahead.)
​
Is Rent to Own Right for You?
If you’re renting with no clear path to buying, this could be theopportunity you’ve been waiting for.
Take the first step today: complete our quick pre-qualification form, and PR Property will contact you when a home in your area becomes available.