Rent to Buy is the newest way for people to buy & sell property fast in the UK
Rent to Buy (Rent to Own in the USA & Australia) has been introduced to the UK Housing market recently but it has been operating very successfully in America & Australia for decades!
Rent to Buy & Rent to Sell
Rent to Buy is a way for people to sell and acquire UK property over a fixed period of time, at the beginning of the agreement there is no need to secure a mortgage or put down a full deposit. It is also possible for people in financial difficulties to rebuild their credit profile while buying a new property so they can secure a mortgage at the end of the Rent to Buy Option Term.
Above all Rent to Buy & Rent to Sell is for people who want to either off-load property financial or management burdens, or, acquire an equity interest and eventual property ownership FAST! This is because Rent to Buy cannot be slowed down by the usual blocks to property transactions.
Landlord Sellers - Rent to Sell
Landlord Sellers (property owners) can create a Rent to Buy agreement with a Tenant Buyer in order to find a new way to sell their property at attractive terms even in difficult economic times (when property sales are slow) or when the 'figures' don't add up (negative equity). Landlord Sellers create a standard AST rental agreement with the Tenant Buyer, there will also be an additional monthly payment which will be deducted from the deposit required when the property is eventually sold. Finally the 2 parties create an Option Agreement which lays out all the terms where the Tenant Buyer can buy the property from the Landlord Seller.
Tenant Buyers - Rent to Buy
Tenant Buyers pay rent, part of which goes towards your eventual deposit once you purchase the property at the agreed time & price in the future. This means that when you pay your rent you are investing in your future prosperity rather than paying ‘dead rent’ that gives you nothing at the end. Depending on the quality of the property & the needs of the Landlord Seller you will pay an Option Fee of anything from £1.00 to several thousand Pounds for the benefit of buying the right to buy the property at a future date for a fixed price.
Rent to Buy means the Tenant Buyer owns an option to buy the property at a fixed price at a fixed date in the future, this option to buy gives Tenant Buyers the right but not the obligation to buy.
For all enquiries & questions contact
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or visit www.RentToBuyeBook.co.uk
Find out the type of People Who Rent to Buy
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