Rent To Own
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 | |
| 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 |
Contact Property Renovations Ely now and we can help.
Call 0800 058 2149 or fill in a quick response evaluation form.
