First time buyers often do not get far in life and many have to stay at home with their parents. Not because they cannot afford to take on a mortgage, but because they are unable to get together the large deposit needed for the mortgage.

If you are in this predicament rather than stay at home with mum and dad or ask them for a loan you may wish to consider a rent to buy scheme. This scheme will allow you to sign up with the company offering youre the chance to rent to buy and search with their help for your home. Once you have viewed the property you are able to reach an agreement for a rental period and the amount you will buy the property for in the future.

Unlike a traditional “renter” you own the property from the first day that you move in and as such you are able to make alterations to the property. You can add a conservatory if you want and redecorate just as if the place is yours, because it is. If you go ahead and but the equity is yours and if you change your mind once the rental agreement has been reached you simply leave.