Richard George - CEO HLPS
"Why not build your deposit whilst paying rent in the house you love and have an option to buy anytime?"
So how will it work?
Rent to Ownership 'Block by Block'
Find a HLPS home to rent. Homes will be new or refurbished to a high standard. Enter into a rental agreement but with an option to buy at any time.
It's a standard tenancy agreement (but from a large professional landlord).
Buy more 'Blocks' each month as they are linked to your home's value and will keep pace with the market.
You can redeem your 'Blocks' for a mortgage deposit, stay in your home for as long as you wish whilst increasing your 'Blocks'. You can transfer your 'Blocks,' value for value, to another HLPS home. Or even use 'Blocks' to cover rent in hard times.
HLPS.ME Residents' benefitsWith HLPS.ME there will be:
- No big deposit needed
- No chance of negative equity
- The ability to transfer to another home fast
- Redeem blocks e.g. for a mortgage deposit or in lieu of rent in hard times
- And keep up with property prices!