This terrific new initiative lets tenants build up a deposit through their rent money while testing out their potential new pad – offering the perfect way to save towards buying your first home, while you enjoy the benefits of already living there.
• Are you considering whether to Buy or Rent?
• Worried about committing to purchase a property now?
• Do you require a larger deposit before you can buy?
How does it work?
• You pay market rent for an apartment.
• If you purchase in the first six months ISIS will refund all the rent already paid and double it!
• If you purchase within 12 months ISIS will refund all the rent already paid.
This means that if you purchase at Islington Wharf you will have lived rent free for up to a year. The Try Before You Buy scheme has been helping people land their dream homes at Islington Wharf. But don’t just take our word for it.
Andrew Gadd, 34, thought his only option for city centre living would be rent until he heard about Try Before You Buy. He said:
“The scheme was perfect for my situation as it allowed me to save a deposit while keeping an eye on the market without rushing into buying. I would recommend the scheme to anyone who is renting and struggling to save in these difficult times.”
And Simon Reid, 29, said:
“Try Before You Buy gives me more standing with mortgage lenders as well as time to get a feel for the place before taking the plunge. The scheme has removed the worries I had about the commitment of buying.”