Midder said:

[quote:0db334648a]We've been offered the option of Rent Try Buy on a property that we will be renting. Basically we will pay $430NZ per week rent, and at the end of 2 years all of our rent payments will be put down as a deposit on a new build house of our choice.[/quote:0db334648a]

Hi Midder,

You might want to check out this article in the NZ Herald

[color=blue:0db334648a]http://www.nzherald.co.nz/index.cfm?...ectID=10328688
[/color:0db334648a]

In a nutshell, the Commerce Commission is warning people buying houses under rent-to-buy schemes to make sure they get the full protection of the new Credit Contracts and Consumer Finance (CCCF) Act.

I'm sure you're getting proper advice - just thought you might want to read this first.

Regards

Chris :icon_wink: