Get the perks of ownership, with the flexibility of renting
Here's our 5-step journey to help you escape the rent trap and enjoy the benefits of ownership.
Apply for a Jrny home buying budget.
It only takes a few minutes to register and apply through our website. There's no pressure to commit. You tell us about your financial situation, where you want to live and your ideal home. This information will generate your eligible Jrny Budget.
Find a home that you love
The most exciting part! Time to do a bit of house hunting until you find the one that feels like home. Pore over Rightmove, Zoopla, other property portals or visit your local estate agents. Whatever method works for you. So long as the qualifying home is eligible, you are good to go.
Relax while Jrny handles the purchase
We buy your home and handle the entire conveyancing process. We just need you to make your initial 2% contribution into the Jrny Wallet. The value of your Equity Credits will grow as the property value increases.
Move in and make it yours
Once you sign the tenancy and purchase option agreement, you get the keys to your new home. Move in, and make it your own. Bring along your pets and paint the walls! And while you're making yourself at home, your rent will be working for you. Each month you can buy Equity Credits in your home at a fixed price, that never changes after you move-in. These Equity Credits get stored in your Jrny Wallet.
Pocket your savings or use them as a deposit
After 2 years with Jrny, you can, convert your Equity Credits into a deposit to buy your home or cash them out at full value. If the home grew in value since you moved in, you pocket the difference between the full value of your Equity Credits, compared to the fixed price you paid to buy them! Life happens; things change. You need a plan with flexibility. No problem. You can exercise either of these options at any time after 24 months of living in your home.
How do the monthly payments work?
Each month you pay rent, as you normally would, and choose how many Equity Credits you want to buy additionally.
The rent portion
Like traditional renting, this is calculated based on similar properties in the local area. To be transparent and fair, your rent will increase yearly at the official inflation rate. We will cap it at 5% per year in years when inflation is very high.
The Equity Credit portion
Each month you buy equity at a fixed price, that doesn’t change after you move-in. We recommend you buy at least 1% Equity Credits each year to be on track for ownership by the end of your Jrny lease.
Let's say we bought your home for £300,000. That means we would recommend that you buy at least £3,000 in Equity Credits each year, which equates to £250 on top of your rent monthly.
Have more questions?
Live in your home, rent to own.
