Tag Archives: Rent to buy scheme

Is Rent to Buy Just Another Dodgy Lease Option Scheme? Latest Articles, Lettings & Management, Property Investment News, Property Investment Strategies

Glen Ackroyd photoI listened to a programme on Radio 5 Live a few days ago that investigated how “Property Investor and Guru” Phil Martin had left a couple close to bankruptcy after agreeing a lease option on their property.

In a nutshell he agreed to take an option to buy the property at a future date and pay their mortgage until he bought it. Not only did he fail to make the mortgage payments but he rented the property to a tenant who didn’t pay the rent and can only be evicted through the usual slow legal process!

People sometimes ask me if our Rent to Buy scheme is a “lease option deal” under a different name. Continue reading Is Rent to Buy Just Another Dodgy Lease Option Scheme?


Housing minister backs rent-to-buy lease options web site Latest Articles, Property Sales & Sourcing

Housing minister Grant Shapps has publically backed a web site advertising rent-to-buy homes.

The scheme seems to promote lease option purchases that are popular in the US and Australia but rarely seen in the UK.

The web site – www.tryitbuyitproperty.com – matches homeowners who have problems selling with potential buyers who cannot raise a mortgage. Continue reading Housing minister backs rent-to-buy lease options web site


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