Lease options – win win … or lose lose?

Lease options – win win … or lose lose?

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.

To read the article click here.

For more on how we can help you purchase a property, please contact our residential property team.