Rent to Buy
Purchase your First Home sooner!
My Property Circles is launching a new product that gives you the opportunity to purchase your first home with as little as 5% deposit!
See below for how it works and register your interest to receive more information.
What is Rent To Buy?
Choose your property
My Property Circles works with you and an expert Property Buyer (to meet our investment criteria and your wishlist) to choose your Rent to Buy Home.
You and My Property Circles buy the property together
You buy 5-10% and a Property Circle you start, or you join buys the rest.
Move into your home
You pay market rent on the proportion of the property that you don’t own.
Save for a deposit
Save regularly over 5 years to accumulate a deposit and apply for a standard mortgage of your choice, or fund the purchase of the property however you like!
Buy or sell
When you are ready, or at the 5-year mark, you have the option to buy the remainder of the property or to sell your proportion to the Property Circle.
Why Rent to Buy?
Feel like a Home Owner
Have a pet? Want to paint the walls or hang a picture?
No worries, with Rent to Buy you’re a homeowner, not just a tenant.
Get your foot on the property ladder
You are a part owner and get to live in the property, while
you save for a deposit or decide what to do next.
Saving for a Purpose
We can provide general tips that may assist in keeping you
on track towards being able to buy the property at the end of 5 years.
3 Options of Rent to Buy Circles
Apply for $1 for $1 match funding to enter a Property Circle
Rent to Buy with a 5% deposit – you own a bigger share.
Rent to Buy by starting your own Rent to Buy Circle from as little as $4,000.
Rent to Buy Circle
|Contribution per annum||% of each property (approximately)|
|* Based on first property deposit of||$160,000.00|