• Can’t get finance to invest in property? A Property Lease Option could be the answer.

    The beauty of a property lease option as an investment strategy is that you don’t need to take out a mortgage or secure any lending in your name. Given the current lending criteria of banks and building societies, this makes property lease options an incredibly attractive investment stream for investors who may have a large portfolio and can’t secure further lending, or for those who don’t have a deposit or a good enough credit rating to qualify for a mortgage.

    With a property lease option no mortgage is required as the property comes as a package deal – along with a secured or existing mortgage that you are simply (and legally) taking. This takes the worry out of having to meet the strict criteria of the banks or building society as the previous owner has already put a deposit in, stamp duty has been paid and all legal fees covered. It comes with everything you normally have to go and sort out yourself, costing both time and money. You are essentially taking over the mortgage payments.

    [heading style="1"]If you are interested in property lease options
    listen to Reena Malra’s fascinating audio interview. [/heading]

    Once you have taken over the mortgage and paid the sum required as agreed, you are now in control of the property. Therefore you could rent it out to a tenant, thereby generating cash flow. You could rent it out to the housing associations or the council, do a HMO whereby you have multiple occupants, you could build an extension to maximize your profit further down the line, pass it on to a tenant buyer… so this strategy allows various exit strategies – or you could even live in the property yourself!

    Property Lease Options

    Property Lease Options with Reena Malra

    A property lease option is great for those looking for a new strategy or for those who can’t get financing as you don’t have to worry about the traditional ways of having to apply for a mortgage and wait for approval before jumping through various hoops.

    With property lease options you can also do this over a set period of time. At the end of the option, we have already agreed that you will purchase the property for a certain price. At the end of the option, you can either pay in cash, raise a mortgage (you may find that further down the line this is an option), or you could look at joint venture financing – or you could even sell it on as this is an option given that contracts are signable. Or, as a last resort (depending on the contract) we can re-negotiate and extend the term.

    [heading style="1"]If you are interested in property lease options
    listen to Reena Malra’s fascinating audio interview. [/heading]

    Contact Reena on 0203 397 7030 or request a call back.

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    About Reena Malra

    Connect with me: Google+ Reena Malra is one of the UKs most successful property investors and mentors. The strategies Reena has discovered and developed over the past few years take the focus off the price and put it on the flexible and convenient payment terms. This is how Reena can structure transactions to really benefit both the buyer and the seller. Reena specialises in property lease options, instalment contracts, rent torent, below market value (BMV), stopping repossessions, joint venture, delayed completion and tenant buyer strategies. She also runsworkshops and webinars, and offers property consultancy services and one-to-one mentoring.

    View all posts by Reena Malra

    2 Responses to “Can’t get finance to invest in property? A Property Lease Option could be the answer.”

    1. David lawson Says:

      Do you, or do you know anyone who can assign me a packaged lease option for a fee. Thanks David lawson

      Reply

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