Rent-To-Buy. A fully self-contained 2 bedroom maisonette located in a central position of Collingham

• £97,500
• Location: 

  Cottingham, Hull

• Posted: 18/09/2009 19:07

An excellent opportunity has arrisen to rent this excellent 2 bed maisonette with its commanding views over Market green and take the guaranteed option to buy in the future at a fixed price today of £97,500

Are you renting now? all your money goes straight to your landlord with no benefit to you.

Are you trying to save a deposit to buy a new home? Are you struggling with the size of deposit needed at the moment?

Are you renting but the property just doesn't feel like home? Using Rent-To-Buy the property will truly feel like home. Personalise it to your tastes and benefit from any home improvements you make.

Are you new to the UK and don't yet meet the mortgage lenders criteria? Don't wait Rent-To-Buy now.

Is your credit rating a little tainted right now? Don't worry. Rent-To-Buy and improve your rating to be able to get those low interest rates on your future mortgage whilst also being safe in the knowledge that the price you pay is fixed today.

How does it work?

- We fix the purchase price of £97,500 for the property for 3 years.
- You pay £2,500 upfront for the option to buy. This fee is deductable from the purchase price. There is a legally binding contract that meens we cannot sell to anyone else but also gives you the right not to buy should your circumstances change.
- You pay fair market rental for the property, in this case £500 per callender month and sign a standard Assured Shorthold Tenancy (AST) agreement as is normal when renting.
- You also pay a monthly option consideration of £100 on top of your rent. These monthly option considerations go towards the purchase price of the property reducing the amount you have to pay.
- When it comes time to complete and purchase the property you will get the £2,500 upfront option consideration and the total monthly considerations of £3,600 credited back to you reducing what you owe on the property to £91,400 which goes along way to getting the deposit needed for your mortgage.

The property is ideal for a first time buyer and this process is an excellent way onto the property ladder. The property is arranged over 2 floors with the 2 bedrooms and bathroom on the 2nd floor and the fitted kitchen and lounge/Dining room on the 1st.

Lounge/Dining room: 17'3" x 11'5"
Kitchen: 11'5" x 10"
Bedroom 1: 17'3" x 11'6"
Bedroom 2: 10'7" x 11'5"

Please register your interest or request further information by e mailing
dan@youhaveoptions.co.uk

Or call Dan on 08753932291

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