If you have mortgage arrears is possible to negotiate with the new Tenant Buyer so that they will pay you a sum of money which is sufficient to eliminate the outstanding amount due to the mortgage company. If your arrears are building the time to take action is now, we At WeRentToBuy.co.uk can organise for the arrears to be paid and a plan to take the property liabilities of your hands quickly and with the minimum of fuss.
A common problem when mortgage arrears start amount is that there is no spare money to use to prepare the property for normal sale, and of course if repossession is looming and money is short the only thing that can happen is that the arrears will get larger and larger.
It is much better to secure a Tenant Buyer who will take all of the financial pressures of your shoulders so that you can move on and start fresh somewhere else.
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.
An additional benefit is that to establish a Rent to Buy option agreement is much quicker and very much cheaper than trying to sell on the open market. 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.
The Tenant Buyer will be prepared 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.
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.