Move on and Sell Later Some examples of when a Lease Option would be suitable – you are a homeowner and you need to move out of the property however : There is very little or no equity in the property You do not need a large lump some of cash immediately to move on. You need to move on immediately without paying the mortgage payments You want to secure a price that is close to current market value regardless of what the property market is like in the future.

Example:

Your house has been on the market for  6 months  at £150000 you have a mortgage of £130000 which is costing you £700pm. In order to sell you would need to reduce to say £135000 to attract
any interest which would leave you no equity after you have paid all estate agent and legal fees. In addition once a buyer has been secured this could take anything from 3 – 9 months and during this time you will have to continue paying your mortgage.

An alternative would be to grant us an option to buy your house at £150000 within the next 5 years and in the meantime we would take over your mortgage payments of £700pm. Should we choose to exercise the option to buy your property anytime within the option period ( 5 years) you would
receive £20000 in equity after paying off your mortgage of £130000.

If we choose not to exercise the option to buy your house then the property would be returned to you, probably with some improvements. During that period you have not had to pay your mortgage and the property may have increased in value meaning you would receive an enhanced equity payment.

Flexibilty:

The concept of Lease Options is such that we can tailor make the terms and benefits to suit homeowners. Therefore it is worth filling out your enquiries so that we can contact you and have an obligation-free chat on an individual basis.

Go to Option 1

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