Rent Now Buy Later

25 Rossefield Grove, Bramley, Leeds LS13 3RY

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 £109,995 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 £109,995

- £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.

The more you pay the quicker and bigger your deposit grows.

No mortgage is required until you buy in 2014 (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 £120,000, you still only pay £109,995 giving you an additional £10,000 equity and deposit!

This would mean you’ll have saved a £18,280 (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 2014, 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 large spacious 3 bedroom modern town house is situated within this popular residential location with easy access to Bramley town centre, bus and train stations, the Ring Road network and local amenities and schools.

It comprises a living room, dining kitchen, hallway, three bedrooms, house bathroom, separate WC and a low maintenance garden to the front and yard to the rear.

Ground Floor

Lounge 15'8” x 9'10” (4.70m x 2.95m)

Accessed through the Upvc front door, a good sized lounge with neutral décor. Central heating radiator. Upvc double glazed window to the front elevation. French doors leading to:

Dining kitchen 16'9” x 9'10” (5.03m x 2.95m)

Fitted kitchen with a range of wall and base units and complementary work surfaces, tiled splash backs. Sink with mixer tap and drainer unit, integrated electric oven and gas hob, with plumbing for washing machine and dishwasher. Central heating radiator. Upvc double glazed window to rear elevation

Hallway

With useful under the stairs storage /cloak room, and area that could be utilised as a computer area/small office. Built in storage cupboard. Central heating radiator. Upvc back door

First Floor

Landing

Airing cupboard. Access to the loft. Central heating radiator.

Bedroom One 12' 3” x 8' 11” max (3.68m x 2.67m)

Built in wardrobes. Upvc window to the front elevation.

Bedroom Two 10'7” x 6' 7” (3.20m x 2.00m)

Upvc window to the rear elevation.

Bedroom Three 9'8”x 6' 6” (2.90m x 1.97m)

Upvc window to the front elevation.

Bathroom

Modern white suite comprising panelled bath, electric shower, and pedestal wash basin. Central heating radiator. Opaque Upvc window.

Separate WC