The Protected Lease Purchase allows you to do that. It involves a key exchange or key undertaking. The owner of the property allows the future buyer access to and use of the property after exchange and up until completion of the sale.

The Process Step by Step

• The property owner and buyer agree on the terms of the sale
• Exchange of contracts takes place on an agreed date through solicitors
• The buyer is granted a key undertaking (use of the property) after exchange and before completion
• The buyer is now legally obligated to complete on the sale
• During this period the buyer must make the agreed monthly payment
• The buyer must care for the property
• The buyer completes on the sale within the agreed term and at the agreed purchase price

Benefits to the Seller Under the Protected Lease Purchase

Peace of Mind

• The legal arrangements are handled by solicitors
• The entire procedure is technically identical to a standard sale and purchase
• There is a fixed period, agreed at the outset, within which the sale must complete

Security

• Contracts are legally sound and binding
• In the case of non-performance or non-completion substantial penalties are payable by the buyer

Freedom

• The seller is free to move on, whether that be for work, to upsize or downsize
• The Protected Lease Purchase arrangement has helped many who may otherwise have lost the property in the face of changing personal circumstances
• The buyer makes a monthly payment to the lender or seller during the term, often covering the finance and allowing the seller to purchase a new home
• Full and comprehensive bespoke buildings insurance, with Owner and Lender interest noted, is paid for by the buyer
• A fully repairing lease frees the seller from any ongoing or future property expense
• Completion can be timed so that the seller avoids early redemption penalties or mitigates Capital Gains tax, making an otherwise difficult sale financially viable

Benefits to the Buyer under the Protected Lease Purchase

Peace of Mind

• The legal arrangements are handled by solicitors
• The entire procedure is technically identical to a standard sale and purchase
• The fixed period, agreed at the outset, sets a reliable and extended frame within which the buyer must complete
• Contracts are standard and binding
• In the case of non-performance or non-completion substantial penalties are payable by the buyer to the seller
• Hedge Property Investment is a cash-rich organisation with a wealth of experience of buying property in this way and an outstanding reputation as a provider of innovative, practical and ethical property purchasing solutions

Benefits to Introducers

• Since no immediate mortgage is required, exchange can take place faster than otherwise, even within three weeks – resulting in fast relief for the seller and a sound endorsement of your service
• You are able to help those previously stuck with no way to move on, resulting in more business
• You get paid for properties which would otherwise be difficult to sell in a slow market – allowing you to focus on more profitable sales
• You are working with the Hedge group of companies, known for innovative and ethical solutions and highly dependable

When Hedge Can Help

• When your client is considering letting their property, but would prefer to sell
• When early repayment fees on a mortgage would otherwise stop a sale
• When the seller has already moved on and the house is empty
• When the seller doesn't have sufficient funds to cover all of the costs of disposal