Rent2Buy

For those who are looking for a quick and short-term solution without an apartment loan

Rent2Buy is a modern and attractive way to buy any home you like. You will have up to 36 months to not only accumulate your down payment but to sort out your finances and credit history so you can borrow from a bank (if you currently do not have that option).

Benefits

  • You can buy any apartment offered on the market (Old construction is valued individually);
  • If the apartment is fully equipped - you can start living in 7-14 days;
  • After 12 months, you can make an advance payment and buy an apartment at any time;
  • If the apartment is partially finished - we will offer full finishing and finance it.

Security and guarantees

  • The price of the apartment will not increase during the contract period, and the value will grow;
  • If there are financial problems, we will solve them together;
  • Possibility to extend the contract up to 120 months;
  • All apartments are insured against all possible risks;
  • If you change your mind, we will offer your apartment to others.

Conditions

  • You can choose any apartment for sale in Kaunas or Vilnius (Areas outside the city are considered);
  • The apartment must be of new construction (old construction housing is considered with a higher initial contribution);
  • Apartment price from 50,000 to 150,000 Eur (Fully-equipped);
  • The minimum term is 24 months;
  • The apartment remains the property of the Seller for the entire term of the contract;
  • A one-time contract fee applies;
  • Security deposit 2-3 months rent in the amount of rent;
  • We perform the buyer's creditworthiness by checking the Creditinfo system;
  • Age from 21 years.

How is this different from a classic lease?

Rent2Buy is a temporary alternative until you can borrow from a bank. After accumulating 15-30% of the apartment value during the contract - the rest will be paid with the help of a bank loan or your own funds. In the case of a lease, the full 100% of the value of the apartment is paid in installments over a maximum period of 120 months.


Rent2BuyProperty lease
The differenceDesigned to accumulate a down paymentDesigned to redeem the full value of the home
The value of the apartment is accumulated during the term of the contract0-30% 100%
Checking incomeAny income received is eligibleNot verified
The initial contribution0-30%15-30%
Contract period24-36 months24-120 months
Modification of the terms of the contractPossible by mutual agreementPossible by mutual agreement
Property ValuationOptionalOptional
Early repaymentAfter 12 monthsAfter 12 months
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What are the differences between Rent2Buy and the bank?

Rent2Buy is only a short-term solution when you want to buy an apartment, even though the bank does not give you a loan yet.


Rent2BuyBank
Needed incomeAny received incomeLength of employment min 6 months. Business certificate min 24 months
The 60/40 income to liability ratio is checkedNoYes
The initial contribution0-30%15-30%
Contract period24-36 monthsmax 30 years
Modification of the terms of the contractPossible by mutual agreementThe application and creditworthiness are reassessed
Property ValuationOptionalMandatory

Can't find the right home?

We can help you to find the right home. It costs nothing. Try out our Property with a lease search service.

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