Only One In 10 Rent To Buy Tenants Purchases Home

Responding to an Inside Housing survey, nine large housing associations revealed they have completed a total of 1,594 Rent to Buy homes over the past decade but have sold just 180 to the original tenants.  Rent to Buy offers a fixed-term tenancy of usually five years at a discounted rate, with the tenant supposed to buy the home or a share in it at the end of this period. But the survey results reveal just 11.3% of tenants were able to do so, with the remainder either continuing to rent or moving out at the end of this period. Read more on Inside Housing.