Rent & Own £8,800 cash needed and we will lend you the rest of the money, 2 properties available

• £8,800
• Location: 

  leeds

• Posted: 05/11/2009 13:01

Available on MOVE IN NOW - BUY LATER - with our RENT TO BUY SCHEME
£8,800 deposit required to secure a fixed price of £88,000 if you pay the balance in 5 years, £98,000 if you pay the balance between year5 and year 10 or £128,000 between year 10 and year 20. £495per month . More pictures will be available soon

Move in within 7 days
No mortgage required for 20 years
No mortgage arrangement fee – usually £2,000- £3,000
No brokers’ fees: 2% of arranged mortgage
No valuation fees
Save the hassle and expenses of buying the traditional way


Call us now on 020 8348 6669 for details


How the scheme works?
The purchase price is £88,000 by 2014, £98,000 2014-2019, £128,000 2019-2029
Minimum deposit of £8,800
The normal rent is £495per month, (fixed for ??? years, it may vary afterwards, depending on interest rates)
You will pay a minimum of £495 per month plus an optional repayment and an equivalent of any change at bank’s base rate after year two.

End of Year Twenty

£128,000
- £8,800 deposit paid
- £££ repayments

Any improvements you make to the property you gain the benefit!

If the value of the property has increased you also gain the benefit!

The more you can pay, the quicker you will repay your debt!

If you cannot pay by year twenty, then you need to either sell the property, get new finance from another institution or we will renegotiate a few years extension to our agreement.

No mortgage is required until you buy in year twenty! (However, you can buy or sell at any time within the twenty years)

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Location map: leeds, Leeds