BUYERS FAQ

Welcome to the  Rent to Own! Concept

Rent to own is largely new to the UK, but is well established in many other English speaking countries including the USA and Australia. We are pleased to be able to offer you an alternative way of getting a foot on the property ladder. There are many reasons you may not be in a position to buy straight away: You are having problems with your credit due to moving around You need time to improve your credit rating You are having difficulty getting enough deposit together

Rent to Own May be the Answer If you want to get a start on the property ladder, but a straight forward purchase just isn’t going to be possible, then Rent to Own could be the answer. You don’t need a mortgage to start! After making the initial payment, you get the keys, and paperwork which makes the agreement legally binding. It’s a bit like buying on hire purchase. You make the monthly payments and at the end of the agreed term you have the choice to own or not to own. Usually 24- 36 months renting and up to 60 months like this is long enough for you to save a decent deposit and arrange a mortgage, if that’s what you want.

In the meantime you can improve the house and decorate it to your taste. Let it be the home you’ve always wanted. The purchase price won’t be increased The purchase price is agreed at the start and won’t go up even when property prices do. If you want to add value to the property by improving it, that’s fine. What if your property value goes down? It may be possible to extend the term until values increase again. You can move in fast

The whole process is really simple. You won’t have to wait for a mortgage offer. Our tenant buyers are often settled in their new home within days or weeks, not months! We’ve had people move in with all the legal paperwork sorted in a couple of days before now! All the legal work is done.

The first step is that initial call or email so we can talk through your situation, contact us on info@grasshopperproperty.co.uk or phone 07598638905