1 Bed Flat, Spinning Gate, M41

Rent to Buy Apartments

Beautiful 1-bedroom first floor apartment in a highly desirable area of Urmston. Close to the M60 and the Trafford Centre, it has great access to local shops, bars and eateries.

All the apartments come with hob, oven and cooker hood, carpets, blinds and an allocated car parking space.

These apartments are offered as a “Rent to Buy” tenancy, which means that you rent at a low rate for a fixed five-year period during which time you can save for a deposit to either buy the apartment or something elsewhere. Tenancies are not extended longer than 5 years.

Rent to buy property

This will be a five-year tenancy rented at 80% of market rent value. In the first five years you will be expected to save the other 20% of market rent value towards a deposit you can then use at the end of this period to buy the property. You can buy it by outright sale or shared ownership or alternatively you can use the deposit to buy a property elsewhere on the property market.

Criteria

·       You must be working full-time and not in receipt of any benefits

·       Your income must be less than £80,000

·       You must be a first-time buyer who is unable to afford a home on the open market.

·       You must be saving for a deposit to buy a home and you may be asked to provide evidence of this

·       Credit checks will be completed to make sure you can afford the market rent value of the property

·       1 month rent in advance (£680.00) and deposit of £784.61 will be needed in advance of sign up

You will need to be saving for a deposit and may be asked to provide proof of this both at the start of your tenancy and periodically throughout.

You will need to be first-time buyer unable to buy a home on the open market.

Deposit £784.61

Monthly Rent £680.00

Not Eligible for "Rent Now" - You will not be able to reserve these properties until you have been through a referencing process.

Pictures are for illustration purposes.