A recent survey has taken Reading as an example of a problem being felt by first time buyers across the UK – income not keeping up with property prices. A recent report by the National Housing Federation  showed that in 2009 Reading  houses prices were almost nine times the average income and the survey in 2010 confirmed the problem had worsened. Many buyers are therefore finding it difficult to find a full 10% deposit let alone a mortgage. Many property owners are therefore using a new solution which allows them to secure a sale at an agreed price  in a difficult market but allows the buyer time to build up a deposit and live in the property in the meantime: The Lease Option.

If you are an Investor looking to sell your property to one of your tenants or if you are a tenant and want to become a buyer we can help with all your legal needs.  

Please call us for a no obligation discussion about our services.