Why We Exist
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The average time it takes for first-time buyers to save for a deposit for a down-payment on a UK home is 8 years.
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The average person in the UK will spend £1.5 million on rent over their lifetime (60 years). If they live in London, they will spend £2.1 million on rent over the same period.
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UK average house prices have increased 1.5x faster than the average salary since 2000. Current average house price levels are 9x higher than average salaries.
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On average, homeowners are expected to end up £300,000 wealthier than renters over a 30-year period.
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No need to qualify for a mortgage, save for years to hit an increasing deposit target for the home you want to buy, or wait for years to get a stable home to start building a family.
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We give the tenant a share of the capital appreciation of the property during the lease term, in addition to their savings over the same period. This means that the moving target of owning your own home is no longer elusive, and you have enough savings to buy your home at the end of the lease term. This is not offered in any rent-to-own schemes.