What Is Converted Rent?

Converted rent is a key part of how rent-to-own works at Keyzy. It means that the rent you pay each month can become your deposit if you decide to purchase the home.

Instead of rent being purely a monthly expense, your payments can form part of your path to ownership.

How converted rent works at Keyzy

When you rent a home through Keyzy, you pay one simple monthly amount, just like a standard tenancy.

If you choose to buy the property at the end of your lease, all the rent you’ve paid is applied toward your deposit. There’s nothing separate to manage - your payments automatically count if you go ahead with the purchase.

A practical example

If your monthly rent is £1,600 and your lease runs for two years:

• You would pay £38,400 over the lease term
• If you purchase the home, that £38,400 becomes your deposit contribution

This allows you to live in the home while steadily building toward ownership, without needing to save a separate lump sum at the same time.

Why converted rent matters

For many first time buyers, saving a deposit is the biggest hurdle to getting on the property ladder. Converted rent is designed to ease that pressure by turning payments you’re already making into progress toward a purchase.

It also gives you time to:

• Prepare for a mortgage application
• Strengthen your financial position
• Decide whether the home is right for you before committing

You gain flexibility first, commitment later.

What happens if you don’t buy?

There’s no obligation to purchase.

If you decide not to move forward, your tenancy continues under the terms of your agreement, similar to a traditional rental arrangement.

Alternatively, you can choose to sell the home on the open market. In that case, you receive the difference between the sale price and the agreed future buyback price, minus your rental payments.

Converted rent vs traditional renting

Traditional renting

• Rent is paid solely for the right to live in the property
• Payments do not contribute toward ownership

Converted rent at Keyzy

• Your monthly payments support a future purchase
• If you buy, your rent forms your deposit
• You have time and flexibility before making a final decision

In summary

Converted rent allows you to rent with a structured route to ownership. If you decide to buy your Keyzy home, the payments you’ve made can become your deposit - giving you clarity, flexibility, and a practical way to move closer to homeownership.

To learn more about rent-to-own and how it works at Keyzy, visit keyzy.com.