The Rent to Own Scheme promised by Liberal Democrats

2 04 2015

The Lib Dems are promising to help first-time buyers get on the property ladder through a ‘rent-to-own homes’ scheme, if they are in power in May. Under the plan, young people in England would make monthly payments equivalent to rent to build up a share in their home, without requiring a deposit. After 30 years, occupants would gain full ownership of the property.

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