Property News · July 1, 2024

The no-deposit mortgage that lets tenants buy the home they live in … with a gift from the landlord


Under a ‘concessionary purchase’, property owners can agree a cut-price sale to incumbent renters to save costsA growing number of people are taking out a little-known type of mortgage that allows them to buy a property without having to put down a deposit.Several lenders offer “concessionary purchase” mortgages, meaning that a tenant can buy the property they are living in from their landlord at a marked-down price. Continue reading…

Source : theguardian.com
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