You don’t need to take out a mortgage straight away. Rent to Buy gives you time for your financial position to grow so you can afford to buy at the end of the rental period. The purchase price is set from the start of your rental contract and means you get to live in a property you can think of as your own home from the outset. Rent to Buy allows you to use your rental payment to contribute towards the purchase of your property meaning you are potentially on the property ladder as soon as you occupy.