Council Housing Company To Offer Rent To Buy

Liverpool City Council’s housing company is set to start building homes for a new Rent to Buy scheme. The company, Foundations, will start with a pilot of 14 new homes in Dingle in the south of the city if the council’s cabinet approves the plans at a meeting on 21 June. People will be able to rent a home at 80% of the market rate in order to help them save towards a mortgage to buy the property, with the option to purchase after 12 months and for up to five years at market value. The scheme will be available to people who live or work in Liverpool and are first-time buyers or have had to sell a home because of a relationship breakdown. Read more on the Speye Joe blog.

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