Creative Property Solutions
17 St Albans Road
Halifax
West Yorkshire
HX3 0ND
Tel: 01422 898189 |  | | Notes: - We assume Annual House inflation to be 8.0% per annum. - Lease Option Credit is 65% (i.e. 65% of all monthly lease fees are credited to the purchase price of your house at the end of the contract). - Therefore, a total credit of £11,232 (lease option credits) will have been accrued against the purchase price of £189,830, equivalent to 5.9% after 2 years. The effect of a 65% rent credit means your lease fee is just £252.00 per month. ’Each application is tailored to meet your personal needs in the current housing market. The above example may not be representative of your circumstances.’ | |  |
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| Example - Lease Option with No Down PaymentScroll over Year 1 figures for explanations.... | Lease Option with No Down Payment | | Lease Option Credit Percentage | 65.00% | | Estimated Annual House Inflation | 8.00% | | | | YEAR 1-2 | | Current Market Value | | | £162,750.00 | | Estimated Market Value End Year 2 | | | £189,830.00 | | Down Payment | | £0.00 | | | Monthly Lease | £720.00 | | | | Lease Option Credit Years 1 2 | | £11,232.00 | | | End of Lease Net Requirement | | | £178,598.00 | | YEAR 2 EQUITY | £11,232.00 | | YEAR 2 EQUITY % | 5.9% | | | | | | | YEAR 3 (optional) | | Estimated Market Value End Year 2 | | | £189,830.00 | | Estimated Market Value End Year 3 | | | £205,016.40 | | Monthly Lease | £840.00 | | | | Lease Option Credit Years 1 ;2 | | £11,232.00 | | | Lease Option Credit Year 3 | | £6,552.00 | | | End of Lease Net Requirement | | | £187,232.40 | | YEAR 3 EQUITY | £17,784.00 | | YEAR 3 EQUITY % | 8.7% | | | | | | | YEAR 4 (optional) | | Estimated Market Value End Year 3 | | | £205,016.40 | | Estimated Market Value End Year 4 | | | £221,417.71 | | Monthly Lease | £895.00 | | | | Lease Option Credit Years 1 2 | | £11,232.00 | | | Lease Option Credit Year 3 | | £6,552.00 | | | Lease Option Credit Year 4 | | £6,981.00 | | | End of Lease Net requirement | | | £196,652.71 | | YEAR 4 EQUITY | £24,765.00 | | YEAR 4 EQUITY % | 11.2% | | | | | | | YEAR 5 (optional) | | Estimated Market Value End Year 4 | | | £221,417.71 | | Estimated Market Value End Year 5 | | | £239,131.13 | | Monthly Lease | £945.00 | | | | Lease Option Credit Years 1 ;2 | | £6,552.00 | | | Lease Option Credit Year 3 | | £6,552.00 | | | Lease Option Credit Year 4 | | £6,981.00 | | | Lease Option Credit Year 5 | | £7,371.00 | | | End of Lease Net requirement | | | £207,814.13 | | YEAR 5 EQUITY | £31,317.00 | | YEAR 5 EQUITY % | 13.1% |
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