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What are the advantages by working with RentLadder.com?
My name is David Croissant and my colleagues and I buy property for close to
their real values. Depending on the terms of the deal that suits you we'll pay
close to or even above the current value of the property, even when the value
of the house is going down in value. The difference is that we'll buy the property in
2-5 years from now. But during that time We will be paying your rent, your
bills and managing your property Meaning you can get on with your life knowing
the property is taken care of.
We set up RentLadder.com to buy property in an ethical manner and
to help others get their first property or move on to the next stage in their
lives. We use a technique called 'Lease Options' to purchase the property and
to then sell it to someone who wants to live there and will look after
it as if its their own. After all, it's the property they are most likely going to buy.
This allows people to live
in the home they are planning to buy whilst they save their deposit for minimal
money down. Lease Options are already well established in the USA and Australia
as a way of helping people sell and buy property quickly and without compromise,
and we're one of the first companies to bring the concept over to the UK.
Example: Gill has a flat worth £200,000 she wants to sell but the only
people who will buy quickly are Investors offering £130,000, others view but
when they try to get the mortgage they have nowhere near the £20,000 required
for the deposit.
Gill wants to go travelling for a few months then rent and
all this is dragging her down, the offers, the inconvenience of viewings, not
to mention that her mortgage balance is £135,000 so even if she did sell to
an investor she'd lose out!
This is what we could do:
- We'd agree a purchase price for a purchase in 24 months time of £192,000.
Regardless of how the market moves.
- Gill would cover our legal costs of £1200.
- We'd pay Gills mortgage payments
and all the bills would now be in our name, Gill has in effect walked away from
the property knowing everything is taken care of (The mortgage payments she
was pervious spending are now hers to keep)
- At the end of the 24 months we
either purchase the property as agreed or walk away. If we walk away Gill is
more than happy - she keeps the house and we've paid her mortgage and bills
for that period. She might want to either renew the option with us or take out
a new one if she decides she likes the extra money.
The system is designed to
be flexible and adapt to all circumstances
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