Why rent to buy schemes are a bad idea

From a thread on Boards:

I’m sure this won’t be the last case we hear about. Unfortunately I suspect it’s likely that anyone in this position will be at the back of the queue as an unsecured creditor.

This is a wonderful opportunity for a contra against the current market value of the house, what was that about possession being 9 x 10th of the law again :smiley: :smiley: :smiley:

They could get the whole house for another €20k if they play their cards right.

Odds are over 18 months the price of the place has dropped more than 20k on the open market anyway.