Mackrell Turner Garrett’s Managing Partner Nigel Rowley has given his expert opinion to The Guardian on lease options, which are sold as the answer for those struggling to get a mortgage.
A lease option, also known as “rent-to-buy” or “rent-to-own”, gives a tenant the option of purchasing a property at the end of specified rental period.
However there are many pitfalls which tenants need to be wary of.
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