Many people see lease options as a great way to get a mortgage for those who don’t qualify for more traditional types. However, they do have some substantial drawbacks which should be fully understood before taking one.
When you make the decision to move into a rental property there are lots of details you will need to consider before you sign any contracts and hand over your deposit. These include:
Mortgage lending across the UK in March hit the highest level in eight years according to the British Bankers Association (BBA) while a similar survey by the Council of Mortgage Lenders (CML) reported the highest level of gross mortgage lending for March since 2007.