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With a worldwide credit crunch, high property prices, low salaries and widespread debt, that first rung on the property ladder is a distant dream for many in the UK. But a new form of property agreement called a ‘Lease Option’ or ‘Rent2Own’ could be a light at the end of the tunnel. For many years America, Australia and New Zealand have pioneered the scheme and it is now becoming more and more popular in the UK.
Now, 123OurHouse are introducing it to your local area.
With Rent2Own you will have 100% ownership from day one. This is not a shared ownership or Government home-buy scheme.
There are many benefits of Rent2Own:
- Minimal Deposit Needed
- No Mortgage Needed Until You Buy
- Try Before You Buy
- Move Within Weeks
- Buy Within Your Own Timescale
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- Purchase Price Fixed
- Increase In Equity Is Yours
- Time To Build A Good Credit Score
- No Obligation To Buy
- Stop Paying Dead Rent!
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Rent2Own is great for anyone who is working, who have some savings has put aside, would be a good tenant, but who cannot get a mortgage in the current financial climate. You know you can afford a mortgage, but like millions of people the banks will not lend to you right now. Maybe you do not have a large enough deposit; you have a blip on your credit history or are self employed? Many families are faced with the prospect of never being able to buy their Dream Home.
During the recession (and after), rent2Own is becoming the best way to get onto the property ladder. You can try before you buy’ at a price to suit you, over a 36-60 month timescale. During this time you can treat the house as your own, benefitting from any improvements. You have the ‘Right’ but not the ‘Obligation’ to buy – complete peace of mind.
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