Why now is the time to rent says Portford Homes - October 01

Renting is enjoying a renaissance after two decades of decline as would-be home buyers, suffering the effects of the credit crunch, rediscover the merits of small fixed payments and trouble-free repairs and upgrades.

In line with this shift in circumstances and opinions, Portford Homes has introduced a "rent first, buy later" scheme across selected developments in Yorkshire as part of a series of measures which the housebuilder hopes will breathe new life into the housing market.

Comments David Mackintosh, Sales and Marketing Director at Portford Homes: “The economic crisis has left home ownership at the lowest level for a decade, and with property gloom in the headlines, for many, renting is the preferred option to buying at the moment.

“With this in mind we have introduced a scheme which allows potential purchasers to rent one of our properties with a view to buying in the future. It couldn’t be simpler!”

If you are currently in rented accommodation or looking to rent, the Portford Homes ‘Try B4U Buy’ scheme could be just what you are looking for.  Rent any new Portford home for six or 12 months and then take an option to buy.

The rent paid can be used towards the deposit, and what’s more, Portford Homes will match the amount and also add this to your deposit, effectively meaning you have lived rent free and given your new home a real trial run in the process. Another bonus of the ‘Try B4U Buy’ scheme is that Portford Homes will also pay the stamp duty costs plus include carpets and curtains in the price.

Continues David Mackintosh: “Everyone’s pockets are taking a hit as a result of the credit crunch, so why not skip the uncertainty over interest rates and the stress of negative equity and just rent your dream home?

"The ‘Try B4U Buy’ scheme allows you to move into a brand new, low maintenance home, and should you choose to buy you won’t have the hassle of moving all your belongings again!”

Portford Homes currently has the scheme on trial at its Chantry Square development in Wakefield, The Sidings in Church Fenton and Spenmill Grange in Cleckheaton where there is a choice of apartments, townhouses and detached homes available with monthly rentals starting from just £450.

Concludes David Mackintosh: “With restrictions on mortgages this is an ideal way of helping movers save up some deposit. There is no obligation to buy after your rental term so if you are thinking of moving what have you got to lose?”

For more details please call Portford Homes on 0113 264 4444.