The following is an example of a recent situation where SureHome helped a vendor in negative equity achieve a sale through rent to buy, and a buyer who could not get a mortgage get onto the housing ladder.

Mrs Robinson wanted to emigrate to Australia but she needed to sell her house first.  She’d had it on the market with a local agent for over 6 months but they couldn’t find a  buyer at the price that she needed to pay off her mortgage.

Mrs Robinson contacted us and we worked out a plan that solved her problem. We  agreed a price that we’d pay for the property in 3 years time. We also agreed to ‘babysit’ her mortgage while we found a buyer for her.

We involved solicitors to tie up the legalities and Mrs Robinson left for Australia with a  big weight off her mind.

Meanwhile, Bill and Fiona Walker contacted us; Bill owns a successful vehicle recovery business, but it hasn’t been in operation for long enough for them to be approved for a mortgage and besides, they don’t have enough deposit saved up.

We showed Mrs Robinson’s house to the couple and they loved it so we agreed a deal whereby they put down a small deposit and rented the property, with a view to buying it when they are eventually approved for a mortgage. This shouldn’t be too long though as part of their rent each month goes towards the price of the house.

Again, solicitors finalised the deal and the Walkers moved into their own home: years sooner than they thought they ever would!

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