At PublicSquare, we help you build up a deposit to buy your home by paying an upfront Kickstarter and then weekly contributions.
If you opt for renting to own, your weekly contributions (50% on top of rent) will accumulate into your deposit, which you can use when you're ready to buy the home.
We aim to help you accumulate a deposit amount of at least 10-15% of the home's final purchase price before the end of your 8-year lease.
You can also bolster this amount using your savings or cash gifts you receive from friends and family.
For a complete picture of the deposit you can accrue with PublicSquare, we recommend checking out our interactive calculator.
Although not a requirement of all lenders, many will ask to see 5% of genuine cash savings as part of your eventual home loan application. For those who accept rental statements as proof of genuine savings, PublicSquare will provide the necessary documents.