Thursday, April 28, 2011

Part Buy Part Rent?


The financial crisis that occurred in the U.S. and some European makes purchasing power becomes increasingly low. While people with incomes are declining or even none at all, the prices of various goods have increased very dramatically. This makes the misery for many people. As an example we can see in the property sector in the UK where house prices increased in recent years.
This situation makes people with low economic ability becomes difficult to buy or rent a house or apartment. To overcome this problem, actually there is one simple way to buy or rent property that you want, which is Part buy part rent.
What is Part Buy Part Rent? Part buy part rent is also known as 'shared ownership'. The schemes were the resource persons introduced as part of a range of low cost home ownership products for people who wish to buy a property but can not afford to, or wish to rent a property but can not afford market rent.
With part buy part rent, you can have property in accordance with your financial abilities. For example if you only have money at 30% of the price of property that you want to buy, you will from a pay a discounted rent on the remaining 70%. Easy right? You can try it right now.

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