Rent-to-Buy is a 3-year rental period with monthly rental fixed upfront. At the end of the 3 years, you may exercise the option to buy the house (at a price fixed upfront in year 1) and subject to a final credit check.
If you are falling short of affordability and the monthly payments are just too high, then Rent-to-Buy might suit you the best. The initial rental is approximately 10% lower than the home loan option.
It is a great option if you would like to test out home ownership. To find out more, click here!