Despite the Credit Crunch people still want to own their own home, even though it is not as easy as it used to be, especially with banks and building societies severely tightening their lending criteria. Thanks to Rent2Buy.ie and A Better Mortgage coming together this may all change as working together they can help buyers achieve their dream home a lot easier.
By now most people are aware of the Rent2Buy concept, giving people an option to live in their dream home as they save to eventually own it. When Jeremy O’Sullivan of leading Mortgage Broker A Better Mortgage heard of this solution to the domestic property market slowdown, he immediately contacted Rent2Buy.ie to learn more about the concept and how it works, for his clients.
Mortgage broker Jeremy decided to work together with Rent2Buy.ie as he believes it will bring stability to the Irish housing market matching the needs of developers, sellers, and buyers. “We get many enquiries every day from people who are not quite able to buy their first home, and who have not got the balance of funds or a deposit and it is so frustrating for us at A Better Mortgage, not to be in a position to assist them at that time. It is very difficult for young people to save money while also paying rent, which is in effect what Rent2Buy.ie allows them to do.”
“Then, at the point when the buyer is in a position to buy A Better Mortgage can ensure they get the best advice and most importantly, the best value mortgage available.”
Jeremy also believes it benefits the sellers too “There are many homeowners who may have bought a couple of years ago at a great price, with a view to trading up, who cannot now sell their homes. There are plenty of potential buyers out there sitting on the fence”
The Cork based mortgage brokers are dedicated to dealing with the different types of mortgages available on the market and with both companies coming together the buyer benefits. The history of paying rent towards the property will be on record which lets the mortgage lenders see that the buyer is able to keep up with the payments. Also A Better Mortgage will have ample time to source a mortgage which suits the buyer’s budget, lifestyle and circumstances.
Sean Power from Rent2Buy.ie is delighted with this new working relationship “At Rent2Buy.ie we are interested in helping those first time buyers to move into their house immediately, in terms of financing their new home A Better Mortgage can help these buyers complete the purchase when they are ready.” For an up-to-date list of developments currently operating the Rent2Buy visit www.rent2buy.ie or call 1850 722 227. Buyers can also register their interest on-line and once registered will be the first to be notified of any relevant new developments, even before the new developments are announced publically.
