If you have received repossession papers or you are facing threats of repossession we can set up various Rent to Buy options to stop the repossession and setup an arrangement to solve the problem for good. Securing a Rent to Buy Tenant Buyer is much quicker and simpler than trying to sell your property prior to the repossession taking place.
There is always a possibility that if some funds are required to stop the repossession that you can negotiate with the incoming Tenant Buyer that they will pay you a sum of money sufficient to pay this off. You may also agree with them that they continue to pay directly to the mortgage company and amount of money each month to cover the necessary ongoing mortgage payments. This way you’ll receive a real peace of mind and can move on with your life.
If your property requires some work and this is stopping you from selling it in the normal way, you can negotiate with the incoming Tenant Buyer to take care of any and all works that are required.
Once you have found a Tenant Buyer that is seriously intending to agree a Rent to Buy option with you it is a simple matter for your solicitor to confirm this to your mortgage company and suspend any further action that they are threatening to take.
The Tenant Buyer is motivated to do this because you’ll be granting them an option to purchase the property at an agreed price and on and agreed date in the future. This means that when the Tenant Buyer is paying you rent during the option term they know that they are investing in their future so it is in their interest to maintain and upgrade the property.
Rent to Buy is also a much better option than an ordinary rental arrangement because the normal tenant is just a visitor that may stay in your property for six to twelve months but they will never look after the property as though it is their own which means that you’ll have an ongoing management job to do and you’ll be responsible for all of the maintenance.
Another option for you which makes life even simpler for you is that we at WeRentToBuy.co.uk can take over your property and handle all of the arrangements to create a Rent to Buy option agreement. We will also deal with all the paperwork, negotiations and find a Tenant Buyer.
Whatever your situation we at WeRentToBuy.co.uk feel confident we can help you by taking over your property and creating a situation that satisfies all of your immediate requirements.