If you’re wondering how you will ever get onto the housing ladder, MyDreamPad might just have the solution for you.

Whether you are a first time buyer struggling to get a mortgage, wanting independence from your parents, recovering from financial problems, break up of a relationship, struggling with a bad credit score, self employed or newly arrived in the UK, then we promise a solution for you.

YES, you really can find the home you want, move in and plan for the time when it really will be your own.

High property prices low salaries and widespread debt make that first rung of the property ladder a distant dream for many in the UK. But a new form of property agreement, called a lease option (or ‘rent now-buy later’ as it’s commonly known) could be the light at the end of the tunnel, for cash strapped first time buyers.

How does it work?

A lease option agreement involves the tenant being given an option to buy a property with an agreed price, at the end of a given rental period. This is normally between 12 months and 5 years. The tenant buyer pays an up front consideration of between 2-3% of market value (much less than the normal 10% or even 25% required in today’s market) and continues to save until they have what they need to qualify for a mortgage. They then become the owner. In some cases part of the rent goes towards the purchase price.

One of the huge benefits of this system is that it gives a tenant ‘security of tenure’. This means, that as long as the rental payments are on time, they can live in the property, unhindered, for the agreed option period, until ownership is achieved.

Another bonus for the tenant buyer is that they avoid the ‘complications’ surrounding a normal purchase. As the deal is agreed in advance, and they are already in occupation, there are no complicated chains and moving costs to deal with.

Lease options don’t just appeal to first time buyers, in fact anybody who has held a long time dream to own their own home can do so by using the flexibility of an option contract. Both buyers and sellers can benefit hugely by transacting property this way and the uncomplicated legal paperwork that’s needed to protect both parties can be drawn up in a fraction of the time it takes to buy a house conventionally. This all adds up to a system that helps people move in and out of houses extremely quickly. Just what the doctor ordered in this present housing market.

Are you fed up with monthly rental payments that end up going nowhere? They do actually go somewhere – money down the drain!

Have you just made a home for yourself in a lovely area and been told by your landlord that he wants to take his house back?

You wish you could make your home more of a home but your lease contract restricts you from making improvements – and your landlord can’t be bothered to spend any of his money making those improvements.

You’re fed up with telling your landlord that the toilet doesn’t work properly and he keeps ignoring your calls?

Each year your rent is increased and you don’t see any improvements made to the property.

Can you ever see yourself owning your own home when property prices are always moving away form you and lending opportunities become few and far between?

So you’ve had some credit problems in the past. Does that mean you are forever denied the chance of home ownership?

Will you ever be able to save enough money to get the required deposit the bank wants you to have before they give you a mortgage?

You’ve rented your current house for the last 10 years and its value has gone up from £100K to £175K. How much of that increase is yours? ZERO! How would you like all of that increase to be yours?

You’ve  just turned 18 and you’ve got a good job. Next thing is to get somewhere nice to live. But you can’t get a mortgage for another 3 years. What if you could own that house NOW and then get a mortgage in 3 years to pay for it?

Tradesmen:- You can’t get a mortgage because your credit’s not the greatest. How about if you could buy a house that’s in need of some upgrading and after you have made the improvements you sell it on at £10K PROFIT, without you ever getting a bank loan to finance the purchase!

You’ve  just come out of a long term relationship and you’re waiting for the house you shared to get sold (how long is a piece of string). You could instantly get back onto the property ladder without having to stand still for a moment.

Self-employed and you’re waiting for the 1st three years accounts to be prepared before you qualify for a mortgage. Perfect solution for you and your family – home ownership now without the need to wait.

Just arrived in the UK – Perhaps you’ve come here from abroad and won’t qualify for a mortgage, for some time. No need to waste your hard earned money on renting, you can buy straight away.

Your Legacy – wouldn’t it be great if you could leave something of yourself to your family when you’ve gone?

Try before you buy seems to work with puppy dogs but not with houses. How good would it be if you could try before you bought your next house?

We can provide you with a great way to get painlessly onto the housing ladder, quickly and with the minimum of hassle.

In just a few weeks, you could be living in your ideal home – one that you will soon be buying.

How? Simply put, my team at MyDreamPad will help you rent your new home, with an option to buy it at an agreed date in the future. The rent to buy solution gives you the opportunity to save a deposit, improve your credit history, sort your life out or improve your employment position, while all the time living in the house you intend to buy.

Your commitment is only for the length of your ‘Assured Short hold Tenancy’ (AST) rental agreement and is reliant on you making consistent monthly payments both for your rent and purchase savings plan, but, if for some reason your circumstances were to change and you no longer wished to proceed with the purchase you are not under any obligation to do so.

In the meantime, you can plan for the time when you make the move from tenant to homeowner, with absolute confidence. You can treat your new home as your own. Decorate it how you wish, plant the garden, undertake home improvements (subject to approval) therefore adding value, which will be extra equity for you and make it somewhere you can feel proud of.

We offer this service, but it is sometimes known as “rent to own”, “rent to buy” or “a lease option purchase” and should not be confused with 25%/50%/75% shared equity schemes such as “shared ownership”.

No matter what your situation we will be able to help you move into your new home.

Just to summarise the benefits:

• You get to move in fast – without the need of a substantial deposit in the vast majority of cases.

• Take your time to save up a deposit and improve your finances.

• Your option to buy is at a fixed price, so you benefit from a rising market.

• It is just that – an option – so if your circumstances change, there’s no obligation to proceed.

• Just as in a normal house purchase, your interests are covered by legal agreements.

If any of the above situations are what you are experiencing at this moment in time, why not give us a call on 07823 880405 to talk – pressure and commitment free – about your options for buying a property, or you can register your interest in us finding you the right home by clicking Here