Rent to Buy
This is a TIG led low-cost home ownership option which we are planning to roll out across the Islands in our more rural communities.
It is where an existing property is refurbished or a property is built new and it is rented out for a set period of time to a tenant.
After the rental period the property is sold to the tenant at a fixed price. In addition to that TIG will give back a proportion of the rental to the tenant so that they can use it as a deposit for a mortgage.
TIG ran a pilot scheme at Esplanade Court, Stornoway which was funded by Comhairle nan Eilean Siar and it has proved to be extremely popular.
For more information on Rent to Buy please contact Christina Macleod, Development Assistant firstname.lastname@example.org in the first instance.