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About Us

At JB Property Solutions, we have multiple solutions to help sellers with their situations.

There are times when selling a property for cash is neither preferable nor possible. This is particularly the case when a property has little or no equity in it. If a seller needs to stop paying the mortgage and move on without selling the property at below its full market value.

Let’s presume you have a property that you need to sell very quickly. If you sell through an estate agent in the current market, it is extremely unpredictable and the over-supply of properties in estate agents’ books means your property could be on the market for nine to twelve months without being sold. In the meantime, you would be advised by the agent to keep reducing the price to create interest.

If your property doesn’t have enough equity, there’s only so much you can reduce with the price. Selling to a cash buyer normally requires a discount of a minimum of 25% in the current market. Therefore, not every seller is in a position to reduce the price.

What if you could agree a price today which is acceptable to you, and be able to move out of your property in two weeks with no more monthly mortgage payments, would that be of interest to you?

At JB Property Solutions we have a system in place which can allow you to do just that, it is called a lease option.

Lease options in real estate have been used in the USA and Australia for over 30 years. In the UK, It is becoming a very effective tool for helping sellers who need to move on with their lives within days or weeks.

A lease option is a combination or a “lease” and an “option”. This is how it works:

With lease options, you, as the seller, grant us an option to buy your property at close to the property’s full market value based on today’s market in the future. The option period could be anywhere between 5 and 15 years. In the meantime, we’ll take over your mortgage payments and become responsible for your property’s maintenance and upkeep. In other words, we are “leasing” your property.

You may then move out of the property immediately without any further burden of a mortgage.

When we exercise our option to buy, you may make a profit that would otherwise be impossible if you had sold today.

For example:

If your property is on the market for £100,000; your outstanding mortgage is £80,000 and your monthly mortgage is £600, you’ll need to reduce the price to probably £80,000 to attract any interest. That means you will not make any profit at all from this transaction and it could take 6 to 12 months to sell your property. During this time, you’ll need to continue paying your mortgage which would have cost you a further £3600 to £7200.

However, you could agree to grant us an option to buy your property for £90,000 within the next 5 years. Meanwhile, we’ll take over your mortgage payment of £600 a month. When the option to buy your property is exercised at anytime within the option period, you would make £10,000 after paying off your mortgage of £80,000.

A lease option would suit the following situations:

  • The seller has mortgage arrears or is facing repossession.
  • The seller needs to move on immediately without further mortgage commitments.
  • There is little or no equity in the property.
  • The seller does not need a large lump sum of cash immediately to move on.
  • The seller wants to secure a price that is close to today’s full market price regardless of the state of the housing market in the future.

This service is free and the process takes approximately 28 days. Due to the flexible nature of a lease option, it is possible to structure it so that it can completely suit your circumstances.