How The Guaranteed Home Sales Scheme Works

So how can we find you a buyer paying the full market value for property nationwide when everyone else is looking for a discount?

Well, there are millions of people who want to get onto the housing ladder but can't. This is because the banks currently will not lend without very large deposits. Our Rent to Buy solution enables them to move in now, but buy later – whilst every month they build up their deposit with us.

As you would imagine, our solution is very popular and we've got thousands of people on our waiting list looking for a house like yours. By helping them secure their dream home, you can then move on and find yours.

Our rent to buy solution is based on exchanging an Option agreement now and completing at an agreed point in the future (up to a maximum of 10 years). Throughout this period your property is fully managed by us. The prospective buyer carries out all the repairs and looks after your home. They pay rent, which we collect and pass onto you. You can use this towards paying your mortgage and keep any extra as profit.

Once we manage your property, we take care of the whole process until the tenant is ready to buy. You will then instruct a solicitor to complete the sale in the normal way.

The prospective buyer builds up their deposit each month with us. This is placed in a chartered accountant audited trust fund until purchase. It is insured through the ARLA Money Bonded Protection Scheme (up to £25,000).

The tenant is fully committed to buy. They are maintaining and improving your home and are building up a deposit of many thousands of pounds. If they don't buy – this deposit automatically transfers to you (and you still have the house). This means that we avoid time wasters.

This sale arrangement is all handled by fully qualified conveyancing solicitors just like in any other property sale. You will be represented by a solicitor of your choice who acts on your behalf.

Our unique approach to property sales will allow you to benefit from the following:

• You will receive market rent which you can use towards your mortgage payments
• You will receive 100% of Open Market Valuation
• No more worrying about property repairs or changes in property prices over the next few years because the price agreed is fixed
• You can move on with your life... NOW
• Get away from the traditional long winded ways of selling through agents
• Stop being exposed to chain breaks

Did you know?

• The percentage of total UK mortgages by value in negative equity is about 20%!
• The average value per mortgage in negative equity is about £10,000