A host of benefits when compared to traditional renting
Choose your own home – you are not restricted to choosing from rental stock, instead you can choose from any house currently for sale. Start searching today.
Security of a 5 year rent agreement – You will be safe in the knowledge you will be in your home for at least 5 years, providing you with the security usually only associated with owning a home. The current average private rental period in a standard tenancy is only 19 months.
Unlike standard rental agreements, your monthly cost is fixed for 5 years. Assuming you look after the property and continue to pay the monthly cost, you can be sure of where you will be living for at least 5 years, without worrying your rental costs will increase.
Treat the house as your home – paint it, have a pet (or two!), even sublet a room to your best friend. This is your home in all but name, we want you to treat it as such.
Share in the increase in value – make your rental money work for you. You will receive one third of the increase in value of your home.
Click Get Started to find out how you can benefit from HomeNow
Your Journey to Home Ownership
You find a £300,000 property and approach HomeNow, as you can’t afford the deposit.
HomeNow performs the necessary checks on the property and credit and affordability checks on you.
HomeNow buys the property for £300,000 and pays the stamp duty, survey and legal fees and any other costs associated with the purchase of the property.
You move into the property, pay fixed rent of £1,430 per month and benefit from security of tenure for the next 5 years.
After 5 years, the house value has risen by 30% to £390,000. You are entitled to £30,000 (by way of a rent refund) and you use this as a contribution towards your mortgage deposit to buy your home from the fund.