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Lease Option Purchase is an increasingly popular arrangement for acquiring property by our investors.

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Why Rent When You Can Buy? PDF Print E-mail
Blog and News - Property Market
Written by John Angeletta   
Friday, 06 January 2012 17:31
Recent reports reveal the average month's rent of a typical 1-bed property in the midlands can be £450. 

A large developer has raised a good question, why rent when you can buy?

We raise a further question, why buy at open market value when you can buy below market value?
 
With an excellent selection of key-ready, below market value property, our website typically saves between 20-30% of the open market value of a property.  Refurbishments offer even greater savings. 
 
An £80,000 property for example, could be available for just £60,000 and very often offers more than a single bedroom. 

A 75%LTV interest only mortgage on it would require just £150pcm at 4%APR (that's a whopping saving of 66% otherwise used be pay rent).

A capital and interest mortgage would require about £240pcm (at 4%), cutting rental expenses by almost half!
 
The deposit needed in the above example would be just £15,000.

Other surveys conclude that most first-time buyers favour putting down a larger deposit, even though they could obtain a mortgage loan up to 90% of the purchase price.

Our website is dynamic receiving new listings almost every day from across the UK however, if you intend buying-to-live a BMV opportunity may not come up in your preferred area when you want it!

The opportunity to buy a property however, still exists for everyone, even if it is their first!

With single or combined annual income of £25,000, anyone may be considered for a Buy-to-Let mortgage and once you own a property, a whole new world opens up before you as you are no longer considered a first-timer.  

Excess rental income too, can be used to off-set the rent you are paying to live where you need to live.

After 6-months you may consider remortgaging your BTL property at its full market value to release your deposit money and even buy another property. 

Every BTL property you own that provides excess rental income, gives you greater and greater opportunity.

To explore your safe property opportunities, call John on 0203 239 4359.

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