Property News · November 9, 2013

Lease options – win win … or lose lose?


Lease options are sold as the answer for those struggling to get a mortgage. But there are big pitfallsVisit any one of a number of online property investor forums and there’s one subject dominating conversations: lease options. The deals are touted as a one-stop solution for struggling homebuyers and “motivated” sellers, but chiefly as a way for property investors to exploit the market and expand their portfolio.But anyone thinking of getting involved should know that these deals are totally unregulated and that vulnerable homeowners may lose their home and still be responsible for the mortgage. The Financial Conduct Authority warns against lease options, as does the Council of Mortgage Lenders. Continue reading…

Source : theguardian.com
Read more…Lease options – win win … or lose lose?

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