2 Bed Terraced House, Mersey View, WA7

RENT TO BUY   REDUCED £7,000                                                                               

****TOTAL MONTHLY OUTGOINGS TO OWN THE PROPERTY IS ONLY £500!!****

NO DSS/BENEFITS AS YOU WILL BE REQUIRED TO PURCHASE THE PROPERTY

Don’t Miss out on this opportunity to own your own home for the same cost as rent ,in other properties.

• OPTION CONSIDERATION = £2,295
  
• RENT YOU PAY = £425
  
• TOP UP CONSIDERATION - £75 OVER 60 MONTHS (5 YEARS)
  
• TOTAL MONTHLY OUTGOINGS TO OWN PROPERTY £500
  
• TERM – 60 MONTHS (5 YEARS)
  
• PURCHASE PRICE IN 5 YEARS LOCKED IN AT £67,995

Option consideration money is NOT a fee. It comes off the price of the house when you exercise the right to buy.

FEATURES

• ·         DOUBLE GLAZING
• ·         GCH WITH GAS CERT
• ·         RENT NOW BUY IN 5 YEARS
• ·         LARGE TWO BED END TERRACE                  UPSTAIRS BATHROOM
• ·         TENURE – FREEHOLD
• ·         RENT TO BUY
•           DINING ROOM AND SEPARATE                    LIVING ROOM

We have a rare opportunity to rent this lovely 2 bedroom terrace, but with an option to buy.

You can get on to the property ladder for as little as £2,295 And Below Market rent, as property requires carpet and general modernisation, so it is an ideal opportunity to put your own stamp on it.

The property is located at the end of a quiet street, which is a no-through road and has views over the River Mersey. It is ideally located for easy access to Widnes, Liverpool, Manchester and Chester

• Its 1.8 miles to Runcorn Old Town
• 5 Miles to the Mersey Gateway Bridge
• 6.9 Miles to Widnes Town Centre

 

What is Rent To Buy?

Rent to buy is a scheme to help people onto the property ladder, that wouldn’t normally be in a position to buy.

What kind of people would this be beneficial for?

• People who want to get onto the property ladder and who have some deposit, but not enough to Buy
• People who want to LOCK-IN an agreed price and benefit from the uplift in value when house prices rise.
• Tenants fed up of landlords selling up or asking them to move out.
• People who want to make alterations to a property and to increase its value and reap the benefits instead of their landlord.
• People who want the flexibility to have the option to buy, but not the obligation, should they change their mind.
• People with a marker on their credit  file, which is due to come off in the next couple of years.
• People who can't currently pass a credit check but will be able to within 5 years
  

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Please be advised when you contact us, if you can supply the following details, as we are unable to arrange viewings, withoutfirst being supplied with this information:

• · Names of all parties applying to live at the property.
• · Phone number and email address of all parties.
• · Employment status – whether Employed/self Employed and temporary/permanent.
• · Time with current employer or length of time current business has been trading for.
• · Annual Income(before tax)of each applicant at the property(required by credit controller upon application to ascertain affordability). ​
• · Are you able to get a guarantor regardless of employment/credit check?
• ·Any benefits/child tax credits etc you are in receipt of and how much per month?
•  Do you have any CCJ's, IVA's or markers on your credit file? If so, how many? how much are they? How long since they were cleared?
•  Where have you lived previously and do you have references from previous landlords and have received your deposits returned?
•  How long have you lived in the UK?
  

**********************IMPORTANT**************************

PLEASE CHECK YOUR SPAM AND DELETED FOR A RESPONSE AS SOMETIMES EMAIL GO STRAIGHT TO SPAM.

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RENT TO BUYDETAILS:

• Rent to Buy Term – 5 years – This is how long you have to complete the purchase. This is flexible.
• Option Consideration Fee - £2,295 – This is payable prior to contracts signing and is deducted from the agreed purchase price of the house, when you exercise your right to buy.
• Monthly Rent - £425 – Payable throughout the term
• Deposit - £490 – This is your standard rental Deposit/Bond, which is return upon completion of the purchase if the property is in the same condition or better and there is no outstanding money owed. This is protected with the Deposit Protection Scheme.
• Holding Deposit - £90 – Used once successful upon application, to hold the property. This goes towards your deposit when you move in
• Purchase Price - £67,995 – This is fixed from day 1, regardless of housing market rises. You lock in this price and even if house prices rise, you benefit and not us!

Based on current mortgage average requirements of requiring a 10% deposit, you would need to save up £6,795 over the fixed agreed period,deducting the option consideration money and the option consideration top up payments from the money required to complete the purchase e.g

Option Consideration Fee - £2,295

Option consideration Top up - £75 x 60 months = £4,500

£2,295 + £4,500 = £6,795 – Which is enough for the tenant buyer to apply for a mortgage!

**CONDITIONS**

All option consideration money, or money invested in a Rent to Buy property is non-refundable. This includes any alterations and improvements that may have been made to the property. This doesn’t include the deposit. That will be held in the Deposit Protection account. You have the option to purchase the property, but not the obligation.

 

TOTAL MONTHLY OUTGOINGS TO OWN PROPERTY £500