As I sat in my garden on a calm, sunny, Autumn day, taking in the view across Neath valley, I paused to take stock! This could actually become my own house! Well, my daughter’s and mine!

Earlier this year, we purchased an “Option to purchase” contract on this property. This effectively means that we can do whatever we like with it for the next 15 years. (Well, within certain constraints, obviously).

I mean, we can improve it, rent it out, or live in it ourselves, which is what we’ve chosen to do. At the end of the 15 years, we have agreed to buy it at the current asking price, or return it. Yes, that’s right! Win win, all round, as we only pay a small monthly fee, plus insurance, and our bills of course.

For the owner, it means his mortgage is covered, and he doesn’t have the hassle of finding tenants who will look after his property, nor the cost of restoring a badly run down project. We had the house re-wired, half of it re-plastered, and the rest is an on-going labour of love!

I love gardening, and have already put in hours of hard labour, but so rewarding when you can sit in it, watch the bees and butterflies and listen to the birds in the lovely trees and hedges surrounding the property.

Lease Options are not a new thing, but are fairly new to the residential market and a great way to get in on the property ladder if you don’t have capital right now. They can suit the owner / seller, for reasons stated above, particularly when the market may be at a bit of a low to get the wanted price.

Source My Property are experts in the property market, and do their due diligence, knowing full well that the property market moves in cycles.

Here are live deals, including 2 Lease Options, which are available for our clients now!