With our Rent to Own system you will benefit removing the liability of paying the mortgage on your property with little or no equity.
So how does it work? A rent to own agreement involves a tenant being given the option to buy your property at an agreed price at the end of a given rental period, usually three to six years.
The tenant-buyer pays a consideration up front, but at 2-3% of the market value of the property this is preferable to putting up a full deposit of 5-20% straight away.
- Leave mortgage payments behind
- Buyers can secure property with smaller deposit
- Suits those who can't get financing
- No valuation or legal fees
- No moving upheaval / expense
- Several possible options to help you
- Professional and Confidential service
Example of Rent to Own | Figures |
---|---|
Home Value | = £100,000 |
Outstanding Mortgage | = £85,000 |
Credit Cards | = £7,000 |
Secured Loan | = £8,000 |
Monthly Payments | = £560 |
Total Debt | = £100,000 |
Rent to Own Option | |
Offer to purchase home | = £100,000 |
Buyer monthly payment | = £650 |
Future purchase price | = £120,000 |
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