| If you have mortgage arrears is possible to negotiate | | | | months but they will never look after the property as |
| with the new Tenant Buyer so that they will pay you a | | | | though it is their own which means that you'll have an |
| sum of money which is sufficient to eliminate the | | | | ongoing management job to do and you'll be |
| outstanding amount due to the mortgage company. If | | | | responsible for all of the maintenance. |
| your arrears are building the time to take action is now, | | | | The Tenant Buyer will be prepared to do this because |
| a Rent to Buy property Management Company can | | | | you'll be granting them an option to purchase the |
| organise for the arrears to be paid and a plan to take | | | | property at an agreed price and on and agreed date in |
| the property liabilities of your hands quickly and with | | | | the future. This means that when the Tenant Buyer is |
| the minimum of fuss. | | | | paying you rent during the option term they know that |
| A common problem when mortgage arrears start | | | | they are investing in their future so it is in their interest |
| amount is that there is no spare money to use to | | | | to maintain and upgrade the property. |
| prepare the property for normal sale, and of course if | | | | Using the Rent to Buy system in addition to a property |
| repossession is looming and money is short the only | | | | management agreement you may also include an |
| thing that can happen is that the arrears will get larger | | | | option to buy your property at some point in the future |
| and larger. | | | | at the price that will agreed up front. If dealing with all |
| It is much better to secure a Tenant Buyer who will | | | | the aspects of the management of the Rent now Buy |
| take all of the financial pressures of your shoulders so | | | | later scheme you need to find a company |
| that you can move on and start fresh somewhere | | | | experienced in managing property that has all the |
| else. | | | | systems and skills required to take over your property |
| If your property requires some work and this is | | | | very quickly. The Rent to Buy management service |
| stopping you from selling it in the normal way, you can | | | | packages that can be created could offer you a |
| negotiate with the incoming Tenant Buyer to take care | | | | number of ways to achieve your personal objectives, |
| of any and all works that are required. | | | | you may want speed of disposal and to move on as |
| An additional benefit is that to establish a Rent to Buy | | | | quickly as possible, it could be that you want to |
| option agreement is much quicker and very much | | | | maximize the price that you would get for the |
| cheaper than trying to sell on the open market. Rent to | | | | property, perhaps you're in negative equity and you |
| Buy is also a much better option than an ordinary | | | | have no way to sell the property immediately at a |
| rental arrangement because the normal tenant is just a | | | | feasible price, or even that you have another property |
| visitor that may stay in your property for six to twelve | | | | to move to and that your sale has fallen through. |