Rent to buy mortgage rates are an option for first time buyers.

For those struggling to buy a property Rent to HomeBuy mortgage rates are worth considering.

Lenders often prefer larger deposits than most first time buyers can afford and so alternatives to standard mortgage deals are worth exploring.

The Government has developed a scheme where those on a limited income can 'try out' a low rent property prior to purchase. Criteria is tight though with mortgage rates, terms and conditions varying so it is essential to be on the ball.

Rent to HomeBuy allows you to move into a new build home and pay reduced rent at 80 per cent of the market rental value, you can then save the 20 per cent you are underpaying for a mortgage deposit.

The Government's Rent to HomeBuy purchase scheme was created at the time of the property crash. It was designed to help those who had been accepted for a shared-ownership mortgage, who were then refused a deal because they needed 100 per cent LTV.

The Rent to HomeBuy scheme and mortgage rates are aimed at those with a lower income. To be accepted for the scheme household earnings must be between a maximum of £60,000 and a minimum of £21,000 and you must be a first-time buyer.

Acceptance criteria for a Rent to Homebuy property is tight. Therefore those of you who are unlikely to be approved for the scheme should contact Deal Direct for independent mortgage advice and the most competitive first time buyer mortgage rates.