What if your client could buy the home they rent with no deposit saving needed?
Our concessionary purchase mortgage can make it happen. A faster route to homeownership and a simple solution for landlords too.
What is a concessionary purchase mortgage?
Landlords can sell directly to long-term tenants they know and trust, even if the tenant doesn’t have a cash deposit. By offering a discount on the sale price, that discount is treated as gifted equity, creating a simple and secure way to complete the sale.
Why it works for tenants looking to buy
- Lower (or no cash) deposit needed – ideal for first time buyers
- Stay in the home they already love
- Avoid moving costs and disruption
Why it works for landlords looking to sell
- Potentially quicker, smoother sale
- Reduced selling costs
- Support a loyal tenant
- Minimal disruption
Key criteria
Minimum concession – 5% discount off market value
Discount limits – up to 25% maximum discount for landlord-to-tenant sales
Tenant criteria – at least one applicant must have been a tenant of the selling landlord for at least one year
|
|
|
|