AVAILABLE NOW – Rent Whilst Buying in Boscombe – Smart 1 bedroom flat
Mar 15th, 2010 | By Les Sheppard | Category: Rent & Own PropertiesWelcome back! Have you made sure you never miss a new property? Subscribe to updates with your best email address in the sidebar to the right.You see everything new at least 48 hours before the crowd!
Smart 1 Bed Flat in Boscombe – Move in Now – Then Buy Later with our ‘Rent to Buy’ Scheme.
Do you wish you could get on the housing ladder but can’t get a mortgage, or save for a big deposit? Fed up of paying dead rent?
Our Rent to Buy scheme is the answer!
A super 1 bedroom, 2nd floor flat with its own garage and designated parking. Set in a quiet street, with no through traffic, close to Boscombe shops and beach
Lounge * Kitchen * Bedroom * Bathroom * Garage * Off Street Parking Space
This is how it works
The purchase price is £129,500
Minimum deposit of £5,000
You will pay a minimum of £177.31per week
Every week we will add £40 of that towards your deposit for buying the property.
End of year one
£129,500
-£5,000 deposit paid
-£2,080 (extra you have paid)
At the end of year one you would owe £122,420
At the end of year two you would owe £120,340
At the end of year three you would owe £118,260
During that time you have saved up a deposit of £11,240 (9% approx)
Any improvements you make to the property you get the benefit.
If the value of the property has increased you also get the benefit.
Now lets have a look if you pay a bigger deposit and £20 more per week.
The purchase price is still £129,500
-£7,500 deposit paid
-£ 3,120 (extra you have paid)
At the end of year one you would owe £118,880
At the end of year two you would owe £115,760
At the end of year three you would owe £112,640
During that time you have saved up a deposit of £16,860 (13% approx)
The more you pay the quicker and bigger your deposit grows.
No mortgage is required until you buy in 2013. (but can buy at any time)
Price growth and rent deposit payments provide your deposit for final purchase
The purchase price is fixed at the outset. You gain from any price growth!
Redecorate, carry out home DIY – YOU benefit from any added value by enhancing YOUR home
This is not a shared ownership or Housing Association scheme
You could move into your new home in as little as 7 days!
Legally approved solicitor contracts
We can help you get advice on your mortgage in 2013, or sooner, with your deposit fund.
Move in, and buy later – or walk away! You do not have to buy if you change your mind.
This is perfect if you are;
- A first time buyer struggling to get onto the housing market
- Struggling to raise a large deposit
- Currently renting but want to own your own home
- Have impaired credit and can’t raise finance
- Have recently moved to the UK
No mortgage is required whilst renting/buying
Interested?… You should be! Just fill in this contact form, and I’ll call you back to start your journey to home ownership.
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