• A Lease Option is a very powerful property strategy, commonly used in the commercial property arena.
  • However, in recent years, its power has been harnessed in the world of residential property to great effect.
  • In a nutshell, it’s an agreement whereby the investor can take a lease of a property and then at the end of a predetermined term has an option to buy the property.
  • Throughout the term whereby the property is being leased, the investor has full control of the property and is able draw the same benefits as if they had bought the property.
  • The investor might choose to rent the property out, create a multi-let whereby the property is let by room, provide short let holiday accommodation, refurbish or simply sell on. The possibilities here are endless.
  • The beauty of this strategy lies within the control aspect rather than having to buy and own the property outright.
  • As the property is being controlled and has not been bought, none of the traditional hurdles are in the way. For example, to buy a 3-bedroom house in the South East, you are easily looking at needing a deposit of at least £75,000 if you were to purchase it on a buy-to-let basis. Not to forget, you would need to qualify for mortgage in the first place with the required income and pristine credit file. There are hundreds of reasons why you might not be able to get a mortgage, and this is the perfect strategy if you can’t.
  • Even if you do have the surplus cash and the facility to get a mortgage, it would be far more efficient to have your money work harder for you through this strategy, rather than being limited by how far you can stretch your funds.
  • By limiting your cash involvement and not owning the property, you also minimise your risk too!
  • So, if you are new to property or have an existing portfolio, a Lease Option can be a great strategy to maximise your earning potential from property.

An Introduction to Property Options

Described as the Power Steering of property investment, Options are powerful problem solvers and cash-flow creators. Though not suited to all situations, they are transforming the way investors view and transact residential property in the UK. They can fast-track you to financial freedom.   Property Options in Brief Purchase Options, Lease Options and Sandwich Options are becoming familiar terms with Property investors. Perhaps you are already using these powerful legal agreements to add to your portfolio, to generate cash-flow, to sell property which might otherwise stick, or to secure your family home.   Understanding Property Options and using them with skill is important. Why? Because Options can open locked doors, or become trap-doors.   Property Options in Essence An Option gives choice and freedom. Depending on the wording of the document, a Property Owner (Optionor or Grantor) grants exclusive freedom to buy, use or sell the Property, or a combination of...
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Mentoring session with Mark Jackson (Lease Options Made Simple) up for grabs

Enter our 2011 competition to win a Coaching Call with Mark Jackson. To enter simply subscribe for free at www.justdoproperty.co.uk
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Use a Purchase Option to Lock in a Discounted Price

  You can use a purchase option to lock in a discounted price.  This means you are protecting the time invested in sourcing, negotiating and structuring the deal, and you are effectively locking out the competition. The power of this lies in the fact that the seller has granted you an exclusive right to buy within a defined and agreed time period.  Notice the word “exclusive”.  The seller is not able to sell to anyone else, except you. At the same time you are able to sell the contract on to another purchaser, transferring the right to buy at the discounted price to them for a fee. Let’s look at a real example from a North East town.   The seller had been marketing a very large and now empty house for nine months.  With no rental income the monthly mortgage payments of £475 was crippling. Having started a new business...
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Wendy Patton & Mark Jackson of Lease Options Made Simple admit their mistakes

Julie Hanson interviews Mark Jackson and Wendy Patton from Lease Options Made Simple. She asked them why their forthcoming event will be different. They also discuss mistakes theyve made in their career.

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Property Lease Options – A Dying Investment Strategy?

    Using lease options to control property has grown to become an investment technique being used popularly around the country – particularly as a consequence of stringent BTL finance rules impeding many business growth strategies.  As what was to be expected, many have either been sceptical about their medium to long term effectiveness or pointed to the fact that there is no tangible ownership being a major negative.  Nevertheless, for the time being, their use is likely to remain and so we therefore chatted to one the UK’s thought leaders on the topic – Mark Jackson of Lease Options Made Simple – on a number of subjects including legal issues; the ‘fad’ argument; benefits / risks; potential FSA intervention and protecting future interests amongst others.   1) Can you give us a bit of an outline about your experience and why choose to set up ´Lease Options Made Simple´? I fell...
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