LiNBA offers a rent-to-own housing model that lets prospective buyers move into a home with just a 5% deposit, while 30% of their monthly rent accumulates as savings toward a future purchase. The company purchases the property on the customer's behalf, locks in the sale price upfront, and provides a flexible 3-to-7-year window to decide whether to buy. This approach bridges the gap between renting and traditional homeownership, making it accessible to those who lack the typical 20% down payment.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional homeownership requires a 20% down payment and a lengthy mortgage approval process, which excludes many potential buyers. Meanwhile, standard renting offers no path to ownership, leaving tenants with no financial return on their monthly payments. This gap forces people to choose between unaffordable purchases and financially stagnant rentals.
Solution
LiNBA provides a rent-to-own solution where customers select a home, LiNBA purchases it, and the customer moves in as a tenant with a 5% deposit. A fixed 30% of the monthly rent is set aside as savings toward the eventual purchase, and the sale price is locked in at contract signing. Customers have 3 to 7 years to decide whether to buy, with no penalty if they choose not to. The process is designed to be transparent, with clear contracts and a decision timeline that fits the customer's pace.
Target Audience
Primary customers are individuals and families in Spain who want to become homeowners but lack the savings for a traditional 20% down payment or cannot qualify for a standard mortgage.
Features
- Rent-to-own model requiring only a 5% deposit, compared to the traditional 20% down payment
- 30% of each monthly payment is automatically allocated to a savings fund for the future purchase
- Fixed purchase price established at contract signing, protecting against market fluctuations
- Flexible contract terms ranging from 3 to 7 years, with no penalty for not purchasing
- Online savings calculator that lets users adjust home value and see estimated monthly costs and savings
- Preferred financing options available through partner institutions