Rent Now Buy Later
108 Victoria Park Grove, Leeds LS13 2RD
    
108 Victoria Park Grove, Leeds, LS13 2RD
Rent now, buy later.
Move into this house without getting a mortgage. With a £3,000 deposit you could be in within a week!
This is how it works
The purchase price is £99,950 and is fixed for 3 years.
You’ll need to pay a minimum deposit of £3,000 which goes towards your purchase
In Year One:
The normal rent is £550 per month for the first year.
Each month you pay an additional £110 “top up” towards your deposit.
In total you pay £660 per month.
For the first year we’ll match your top up of £110 per month which will also go towards your deposit
So at the end of year one
Purchase price of £99,950
- £3,000 deposit paid
- £1,320 (extra top up you have paid)
- £1,320 (extra top up we have paid)
At the end of year one you will have saved £5,640
At the end of year two you will have saved £6,960
At the end of year three you will have saved £8,280
So by then you’ll have saved up a deposit of £8,280 (8%)
Any improvements you make to the property you get the benefit.
If the value of the property has increased you also get the benefit.
Now let’s have a look if you pay a bigger deposit and £50 more per month.
£99,950
- £5,000 deposit paid
- £1,920 (extra top up you have paid)
At the end of year one you will have saved £8,240
At the end of year two you will have saved £10,160
At the end of year three you will have saved £12,080
During that time you have saved up a deposit of £12,080 (12%)
The more you pay the quicker and bigger your deposit grows.
No mortgage is required until you buy in 2013 (but you can buy at any time).
Price growth and rent deposit payments provide your deposit.
The purchase price is fixed at the outset. You gain from any price growth!
If the value of the property has increased you also get the benefit.
So if the value of the property at the end of year three is £105,000, you still only pay £99,950 giving you an additional £5,000 equity and deposit!
So in the two examples above you’ll have saved £13,280 (13%) and £17,080 (17%) deposit.
Redecorate, carry out home DIY - YOU benefit from any added value by enhancing YOUR home
This is not a shared ownership or Housing Association scheme
You can move into your new home in as little as 7 days!
Legally approved solicitor contracts.
We can help you get advice on your mortgage in 2013, or sooner.
Move in, and buy later - or walk away! You do not have to buy if you change your mind.
Perfect if you are either;
- A first time buyer struggling to get onto the housing market
- Struggling to raise a large deposit
- Currently renting but want to own your own home
- Have impaired credit and can't raise finance
- Have recently moved to the UK
About the house:
This three bedroom end terraced house is situated within this popular residential location with easy access to Bramley and Pudsey town centres, bus and train stations, the Ring Road network and local amenities and schools.
It comprises an entrance hallway, living room, kitchen, three bedrooms, house bathroom and gardens to front and rear.
Ground Floor
Entrance hall
Front entrance PVCu door with stairs leading to the first floor and door to the living room.
Kitchen 13'8” x 7'10” (4.17m x 2.36m)
Fitted kitchen with a range of wall and base units and complementary work surfaces, incorporating a sink and drainer unit, electric cooker and extractor, with door to back porch and back garden. PVCu window overlooking rear garden. Storage heater.
Lounge 13'9” x 13'2” (4.19m x 4.01m)
PVCu window to the front elevation, fire place and gas fire, and storage heater
First Floor
Landing
Bedroom One 12' 1” x 9' 11” max (3.66m x 3.00m max)
PVCu window to the front elevation. Storage heater
Bedroom Two 10'7” x 8'1” (3.20m x 2.44m)
PVCu window to the rear elevation. Storage heater
Bedroom Three 10'2” x 7' 1” (3.10m x 2.16m)
PVCu window to the front elevation. Storage heater
Bathroom
With three piece suite comprising WC, basin, and bath with shower over, partly tiled walls, and window to the rear elevation.
Outside
Low maintenance, well kept rear and front garden.
For more details contact us
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