If you’re wanting to get started with property investing, and struggling to raise a deposit – then a Lease Option may be the ideal start for you.
SO you pay an initial OPTION fee. This gets you in the game and gives you control for the duration of the property.
On this occasion, it’s 25 years !
Then at the end of the Lease Option Term – you can either choose to buy the property, or walk away (You have the OPTION to buy, but not the obligation to buy)
This example property just came across my desk this afternoon:
ANYONE CAN BUY
OVERSEAS BUYERS WELCOME
All you pay is our fee’s and legal fee’s
2 Bedroom end-terrace
25 Year option to buy @£46,500
Monthly payment £180
Rent values approx £350-375
Bank val of £60,000 back in 2011
Needs a new hob, window and boiler and a lick of paint
Looks like an awesome deal. But is it ?
And how would you know ?