2 Bed Terraced House, Miles Street, OL1

UNEXPECTEDLY RE-AVAILABLE

FED UP WITH RENTING? GETTING NOWHERE ON THE PROPERTY LADDER? WE HAVE THE ANSWER! 

ONLY an initial £6,000 deposit would be required!!

If you would you love to own your own home but are currently unable to obtain a mortgage, then here is an opportunity to Rent then Buy a house at a fixed rent, then purchase at a fixed price in 3 years time - once you’ve saved your deposit and qualified for your mortgage.

Make your rental property your own home now, with responsibility for your own maintenance, freedom to decorate and security of knowing you won’t be asked to leave at the end of your tenancy if your landlord changes their mind.

Why people use our Rent to Buy scheme:

• Fix your future purchase price and benefit from any price increases
• You benefit from any improvements you make during the rental period
• Gives you time to fix your credit rating, save a big enough deposit, build proof of income if self employed or evidence your UK residency
• Move in within weeks
• Try before you buy a property
• You have more flexibility and control to make improvements or changes
• No more rent increases

This scheme is perfect if you:

• Have impaired credit and can't raise finance or mortgage now but can in 3 years
• Have recently moved to the UK and cannot get a mortgage now but can in 3 years
• You are self-employed and require time to get proof of income but will have in 3 years
• A first-time buyer struggling to get on the housing ladder
• Struggling to raise a large deposit
• Currently paying dead rent and want to own your own home now

This scheme is NOT for you if:

• you do not have the deposit. If you have less deposit we will consider it but you would need to tell us where the balance will come from. We would still expect a sizable initial amount.

• you think your circumstances might change and you might decide not to buy.

How the scheme works:

• An initial deposit of ONLY £6,000 would be required!!
• The purchase price in 3 years time would be £72,000
• The rent would be at the market rate of £425

• Any increase in house prices in the next 3 years WOULD BE YOURS as you have fixed the purchase price!
• If you do not buy the deposit is non-refundable. Therefore, if you think there is a chance you will not purchase please do not apply.

This scheme is fully supported by legally approved solicitor contracts and solicitors will draw up the contracts.

We can also offer this property to rent on an assured shorthold tenancy at £400 per calendar month without any tie ins to purchase at the end of 3 years.  Any applicants will have to be able to put down a deposit equivalent to one month's rent and rent is payable one month in advance so a total of £800 will be required prior to moving in.  As the property is in need of some updating we may be able to negotiate the first month's rent so that the tenant is able to carry out any works they feel necessary.  We do require that potential tenants are working as we will need to obtain references and credit checks will be carried out.

**************THE PROPERTY****************

·        Older style terrace house

·        2 bedrooms

·        Family bathroom

·        Kitchen/breakfast room

·        One reception room

·        Gas central heating

·        Double glazing

·        Some modernisation required

Local area:

This property is situated on Miles Street, Oldham. The property's location offers great local schools, shops and amenities close by. There are excellent travel links via Derker and Oldham Mumps train stations as well as the A627 and M62 a short drive way.

Please message us for more information.

Don't delay to avoid disappointment as this property won’t be around for long!