How to rent to buyyour
Keyzy lets you move in now, fix your rent, and lock in yourSign up now
future buy-back price.
Find out your home buying budget
In a few questions, get an estimated budget for your new home.
It takes 90 seconds. Fill out a short application form and we’ll send you a Budget in Principle. This will be the maximum budget that Keyzy will offer to buy you a home.
Depending on your income and outgoings we might be able to buy a home up to 6 times your income while traditional mortgage lenders may only offer 4.5 times.
- Verifying your income and outgoings (using Open Banking)
- Checking for fraud and bankruptcy (using Credit bureaus)
- Reference checks with landlords and employers
Search for your ideal home
The hunt is on! Find the home you like and submit it for review.
You can look for any home, new and old, big and small. Your local estate agent or a property website will be able to show you homes within your budget.
Once you’ve found one you like, let us know and we will put in an offer that makes sense for you. The lower the price of the home the lower your monthly payments and future buy-back price. We do our best to make sure you get a good deal!
Keyzy buys the home for you
You can sit back and relax because Keyzy manages the home buying process.
Keyzy will do a detailed review of you and the home to make sure everything is fine. Once we’re happy, we will then make you an offer before buying the home for you.
Our offer includes your lease length, monthly payment amount, and the locked-in price for the home so you’re protected from price increases.
We take care of all the boring stuff like surveys, legal process and buildings insurance. Easy Keyzy!
You will need to pay a fee of £999 to cover the cost of Keyzy conducting surveys and a valuation on your chosen home.
No. But we do take into account your income and spending behaviour over the past year to make sure you can afford the monthly payments and are not likely to miss any payments.
We don’t accept applicants who have entered an IVA or Bankruptcy in the last 3 years, nor any missed rental or mortgage payments in the last 12 months, or Defaults and County Court Judgements in the last 12 months over value £250.
If you end up getting a home with Keyzy we will also report your rental payments to Equifax. This means that your rental conduct could improve your credit position and credit score. This can make it easier to obtain credit on better or preferential deals and more likely to be accepted. It can also mean Banks and Mortgage Lenders can see your rental conduct without having to ask for documentation and can help secure the best mortgage deals available.
Move into your new home
Treat the home like your own and start working towards owning it.
Time to move into your new home. You will sign your lease agreement, pay your one-off product fee and first month’s rent and the keys are in your hand.
Your monthly payments are locked. No increases! Up to 25% of these payments are converted into reducing your future buy-back price for when you buy the home from Keyzy later on. So the price you have pay for the home actually goes down over time! This will help you build up a deposit.
Buy the home when you’re ready
At the end of your lease it’s time to buy, extend, or sell and keep your gains.
You can buy the home from Keyzy whenever you want. If it’s before the end of your lease you’ll need to pay a 1% early exit fee.
The buy-back price for your home will be the price we paid for it, plus the costs we incurred buying it, minus all your converted payments. Even if property prices have gone up you get to keep all the gains and use them as your deposit. You can apply to extend your lease if you are not ready to buy your home.
If you don’t want to buy the home or want to move home early you can find another buyer and walk away with the gains if there are any.
Who can join Keyzy?
If a traditional mortgage isn’t working out, we can help if...
You don’t have a deposit
Most lenders won’t look at you if you don’t have at least a 10% deposit. Many first time buyers can’t rely on the bank of mum and dad either. Keyzy buys the home on your behalf, so you don’t need to have savings. Easy!
A mortgage doesn’t stretch far enough
Lenders cap their offers up to 4.5 your income so people get priced out of their local area. Keyzy can buy homes up to six times your income, depending on your circumstances.
You recently moved to the UK
If you’re living and working in the UK but don’t have a credit history here you can be locked out of buying a home. Keyzy can help you get a foot on the ladder while you build up credit.
You're self-employed or in a new job
It can be difficult borrowing money to buy a home when you are self-employed. Or you might have recently changed jobs. We take your full financial circumstances into account to make sure you can afford Keyzy.
You’re renting but unable to buy
We’ve all heard the story; you’ve been renting a place for years, but banks won't lend to you to buy it. It makes no sense, especially if the monthly payments are less than your current rent. If you can afford to rent it you can afford to buy it.
You don’t have a perfect credit score
We take your full financial circumstances into account to make sure you are able to afford Keyzy. Our goal is also to help you buy the home at the end of your lease. Having issues with your credit history doesn’t exclude you from Keyzy.