As an "ex forces" army wife, I know only too well, how difficult it is to get a Mortgage when you leave the Force's. In past years, most of the time we only had the option to rent a property, as banks made it very difficult for us to get a mortgage, and to borrow enough money was a nightmare, with a high interest rate attached!
At Majestic Property Solutions Ltd, Barnstaple, North Devon we will provide you with advice and the guidance you'll need to help you with finding the right property, in your chosen area and we will supply you with information on the various "options" available including ... Tenant Buyer ,Rent to Buy, Rent to Save, Rent to Own, Shared Ownership - are all known as part of the "Property Options" scheme
Forces Personnel - You Don't Need A Mortgage* immediately... "pay less rent"(up to 20% less) and live in the house of your dreams with the option to *buy it later. Army, Navy, Air Force,Marines and Coast Guard ..Rent to Buy, Rent to Save, Rent to Own, Shared Ownership , Tenant Buyer - are all known as part of the "Property Options" scheme designed to make it easy, transitioning from renting to buying a home by providing subsidised rent with a small Option to Buy deposit and a flexible Option to buy contract set in place.
With a Rent to Buy in England, you would rent a property, whether it be a pre-owned property,or a newly built home at approximately 20% below the market rate for approx five, seven or ten years (length of contract varies for each property).
At the end of the contract you will be offered the opportunity to either purchase the property or purchase part of the property under a Shared Ownership scheme.
If you are unable to do either then there will also be the option of continueing to rent the property, or moving out.
For further information please email - email@example.com
Rent to buy or Shared ownership,or Tenant Buyer as it is also known, lets you buy a percentage of your home – anywhere from 25% to 75% depending on how much you are able to afford – whilst being able to rent the rest.
This can be the best possible opportunity for buyers to be able to get on to the property ladder. With this scheme, you can choose to increase the portion of the property you own, as and when you have the finance available.
The gradual increase in ownership is referred to as ‘stair casing’.
There are many advantages to these schemes:-
Having a subsidised rent will allow the tenant to be able to save for a deposit during the rental period, making it so much easier for them to be able to get a mortgage. It also allows time to repair or build a better credit score rating.
All contracts vary, but most *Rent2Buy Options are usually on a 5 / 7 / or 10 yr contract, giving you the "Option To Buy" anytime after the minimum term (tba),this gives you time to save up for a Mortgage, whilst living in your dream home, and if for some unknow reason you decide not to buy that particular house, then you can either stay as you are, or give notice and move on.
We will put an "Opt Out"clause in the contract for both parties, the Landlord and the Tenant.
If you are still "serving" and you get stationed out of the area Majestic Property Solutions can find you Professional Tenants to rent your home from you, thus keeping it in your name, until you return.
For all enquires please email - firstname.lastname@example.org
Help 4 Homeless Veterans and Scotty's Little Soldiers
There are many Charities out there requiring your support, but we have decided that there is no worthier one's than those helping "Homeless Soldiers" and "Scotty's little Soldiers" .