Govt to embark on 'rent to own' housing scheme

... that period, the accumulated rent will be deemed as a deposit on the house. The buyer can go to the bank to get a mortgage from a commercial bank to cover the rest of the payment. Marlin doesn't expect the renters to be turned down for a mortgage ...

http://demo.thedailyherald.com/islands/1-islands-news/37465-govt-to-embark-on-rent-to-own-housing-scheme.html