A division of Ronan Property Services


Expatriates Returning Home

Stop Repossession 

Loan/Mortgage Arrears

Financial Difficulties

Divorce or Separation


Ill Health

Relocation and Emigration

House will not sell

Chain Breaking

Vacant and in need of Repair

Making Double Payments

Sell and Rent back


Lease Options

Found your dream home

Other Solutions

Free Reports& information


Calculate your Quick Property Sale CASH OFFER







 Lease Options Explained

The Benefits of Lease Option for the vendor

There are times when selling a property for cash is neither preferable nor possible. This is particularly the case when a property has little or no equity in it. If a seller needs to stop paying the mortgage and is in the position to move on without selling the property at below its full market value, then we can help by using an instrument called a lease option.

Although relatively new in the UK, lease options have been used in the USA and Australia for over 30 years.

The Lease Option: A lease option is a combination or a “lease” and an “option”.

The lease: allows our company or one of our associates, to rent the vendors property and to become responsible for the vendors mortgage payments.

 The vendor can move out of the property without any further burden of mortgage payments. In return, the vendor grants us the right but not the obligation to purchase the property at a specific price in the future.

The Option: This is the option part of the agreement. The sale price that we agree upon is usually fairly close to today’s full market price and the period to exercise the option is usually between two to five years.

During this period, apart from paying the vendor’s mortgage, we or our associate become responsible for the full maintenance of the property as if we own it already. We will carefully select and screen a potential tenant/buyer who wishes to buy the property in the future and carefully manage it as though it was already our ownership.

However, if we choose not to exercise the option to buy the property at the end of the period, the property would just be returned to the vendor, in as good a condition that it was handed over in, but most likely with improvements made to it. By that time, the vendor would have benefited from a long period of not paying the mortgage and the property may have experienced significant capital growth. However, it is worth noting that more than 95 percent of options are exercised by us or our associates.

Ideal Situations: A lease option would suit the following situations:

  • The vendor has mortgage arrears and may be facing repossession proceedings in the near future.
  • The vendor needs to move on immediately without any further mortgage commitments.
  • There is little or no equity in the property so the vendor has no room to manoeuvre.
  • The vendor does not need a large lump sum of cash immediately to move on with so he/she can afford to wait a while to achieve a higher price for the property.
  • The vendor does not need a large lump sum of cash immediately to move on with so he/she can afford to wait a while to achieve a higher price for the property.
  • The vendor may have decided to downsize and pay rent elsewhere in order to cut outgoings and use surplus monies released to pay off debts and build up funds without having to sell his house at a large discount.
  • Maybe through relationship break up or bereavement two people wish to get together and start a new life? They both have a house each so need to sell one. They do not need the money immediately and do not want to take a quick sale at a discounted price. To them this could be the ideal solution.
  •  Maybe the vendors are now retired, they already have a holiday home elsewhere that is already paid for and now wish sell their home so they can move to it permanently. They do not wish to sell at a discount and do not need the money right away so a lease option answers their needs.
  • The vendor wants to secure a price that is as close as possible to today’s full market price regardless of the state of the housing market in the future.

No Fee’s: This service is free if you agree to use our nominated solicitor to represent you. He is a specialist in the filed of lease option agreements. The process takes approximately 28 days to complete. 

Due to the flexible nature of a lease option, it is possible to structure it so that it can completely adapt to your particular set of circumstances.  

The lease option prompts the tenants in taking care of the property, as they have the intention of buying it in the future.

The contracts of the lease options are sometimes very complex in nature. Our experience of lease options is that the language of the contract has to focus on the contract terms, rather than the price.

The finding of buyers for a proposed lease option would demand a considerable amount of time and investment on the part of the vendors and maybe beyond their experience.

We have built up a network of registered associates throughout the UK who will lease and buy your property using one of our established schemes.

Lease options benefit the vendor and the buyer in an equal manner. They help in creating the finance required for the purchase of a new home.
The lease option permits the tenant to buy the property concerned within a time period of 2 to 6 years.

Lease options are a good source of purchasing homes for first time buyers who have not managed to save the deposit for a normal mortgage.

Lease options are also great marketing tools for the sellers of properties to find good buyers. It can be adapted to be used in most countries but not in countries that restrict sub letting.

If you decide to go ahead with a lease option on your property, please Apply here, or if you would like to know more then please contact us here, and a consultant who will have been appointed to handle your interest will telephone you back as soon as possible, usually within 24 hours excluding weekends and public holidays.

Your home is your most valuable asset. Sell it as an asset, before it slowly becomes a liability. We can help you to get on with your life. Apply today while this is fresh in your mind!

Copyright © 2009 Ronan Property Services

You may print off and copy this page/document and pass it or Email it to interested friends who may be in a similar situation. The only restrictions are that you cannot modify this document in any way shape or form, or use it in any business or website without written permission from Ronan Property Services

Not got Adobe Reader? Click here to download

Home page

About us

How it work's

Cost comparison


Privacy Statement

Web Links & Recourses


Calculate your Quick Property Sale CASH OFFER