Rent2Own - Buy your property at a guaranteed locked in price with little money down !

Potential Homeowners are now moving into their own homes, using a method that has become very popular with first time buyers, people with low or damaged credit rating, a lack of credit history and a small deposit.

The method is known as a Lease Option and is a 100% legal way of getting onto the property ladder. Everything is the same as buy a property through the normal route, except :

• You only need a low deposit, usually 2 or 3% !
• You won't need to pay for a valuation on the proeprty for mortgage purposes (although you can pay for a valuation if you like)
• Solicitors are still used on both sides, this is to make sure everything is above board and legal, just like you would in a traditional house purchase.
• You can complete quickly, not having to wait for surveyors, mortgage offers and the like.

You can now move in to your new home without a mortgage - is this a great idea ?

And with the backing of a national company such as The Think Tank Group, you're already ahead of everybody else !

So how does it all work ?

The Think Tank Group is a company committed to providing high levels of service to both landlords and tenants.

If you have ever struggled getting a mortgage, as you have been turned down, then this may be ideal for you.

In the past, ‘Lease Options’ were used in commercial property purchases and are now quickly becoming 'THE' new approach for residential property owners to sell their homes, and for individuals to purchase a property in a quick and easy way.

• No having to qualify for a traditional mortgage
• No Large Deposit
• No Increase in survey costs and the like

Heres the science bit !
A Lease Option is a written LEGAL agreement between you and a property owner.

The property owner can grant YOU an OPTION to BUY which is an exclusive right to lease and purchase the property within a certain period of time (say 5 years).

The price at which you buy is fixed from the outset.

Example : John decided to purchase a property via a Lease option (Rent 2 Own). He paid 3% down payment, and his rent was £450 per month. As well as the rent, he agreed to pay an extra £150, which went towards his deposit.

Outcome : John could buy the property he wanted to, RIGHT NOW, without having to scrimp and save for a large deposit. the property was his as long as he paid his rent and knew that in 5 years time, the property was his at the agreed price. No struggling in case property values shot up again.

What is a Lease option?
A Lease Option combines the benefits of both a normal rental lease (known as an Assured Shorthold Tenancy Agreement) and an Option to Purchase (known as the Option Agreement). Therefore, in reality, the Lease Option is actually two concepts, using two separate written agreements that combine together as a Lease Option.

Rent2Own Main Benefits :
Benefit #1 : One of the main benefits of a Lease option Ties in the property price, so you know in advance what you will be buying for when you actually complete the purchase.

Benefit #2 : Another Benefit is that you get to live in the property whilst you are saving for your deposit.

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properties here

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