Tighean Innse Gall is piloting the first of its Rent to Buy schemes in the Western Isles this August.
Rent to Buy means that the tenant would rent the property from TIG for a period of three years. After the three years the tenant would receive a loyalty cash sum back which is to be used as a deposit to secure a traditional mortgage on the property. The price of the property is agreed upon and set now and will not increase over the three years.
Applicants must meet the following criteria:
- First time Buyer
- Able to provide 3 mortgage quotes
- Live and work in the Outer Hebrides
This is a fantastic opportunity for First time buyers who are looking for that first step onto the property ladder.