Rent Now Buy Later

8 Ecclesburn Terrace, Leeds LS9 9DD

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 £109,950 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, which goes again towards your purchase.

For the first year we'll match your top up and pay £110 per month towards your deposit.

In total you pay £660 per month.

So at the end of year one

Purchase price of £109,950

- £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 owe £104,310

At the end of year two you will owe £102,990

At the end of year three you will owe £101,670

During that time you have saved up a deposit of £8,280 (7.5%)

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!

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:

Ideal for the professional couple or growing family is this three bedroom through end terraced house modern accommodation in a quiet cul-de-sac setting.

The accommodation briefly comprises a small entrance hall, spacious lounge, modern kitchen, two double brooms and house bathroom with shower facilities.

Outside there are gardens to the front and rear, and a driveway for off street parking.

The property benefits from gas central heating and double glazing throughout.

Lounge 4.12m x 4.09m

Kitchen 3.06m x 3.81m

Bedroom 1 - 3.22m x 2.55m

Bedroom 2 - 2.72m x 3.18m

Bedroom 3 - 2.24m x 2.32m

Bathroom - 2.28m x 1.64m

For more details contact us