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How to find lease option properties in the United Kingdom

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How to find lease option properties in the United Kingdom

Before we start looking at how to find the lease-option opportunities in the UK it is a good idea to take a closer look at exactly what is a lease option and how it works. They are relatively new in the UK but have been used extensively in the US and Australia over the years.

It is a financial tool that gives the holder the option to buy or sell a property at a fixed price agreed in advance. The sale price and length of the lease are agreed upon when the option is created.

In the UK, investors have been using lease options to secure an option to purchase properties and then generating an income by leasing it back to the owners. They pay the seller for the option, usually for a nominal or small fee but this is negotiable.

Lease options can be very powerful tools. However, it can be difficult to find sellers that are willing to work with you in this way. So, how do you go about finding sellers that are willing to accept your lease-option offer?

There are ways and means of doing it. And once you have worked out how, it can open the door to mutually beneficial relationships. It’s all about finding motivated sellers.

 

Why motivated sellers are important

Selling a house starts off as being an attractive idea but it can quickly become a trap. If a house is not selling or needs to be sold in a hurry this can start to exert a lot of pressure on a seller. It is an emotionally charged situation that can be draining and upsetting. Being trapped in or with a property that you don’t want brings with it expense and angst. This is when a seller becomes motivated to sell.

They are looking for the peace of mind that release can give them, which is where lease-options come in. They allow the homeowner the feeling of freedom from the property. They will be naturally more attracted to your lease option proposition. This is not true of non-motivated sellers, many of whom will simply reject the lease option out of hand.

Below are some common situations in which sellers become motivated and more receptive to your lease option idea.

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