This type of property transaction meets a real need among our senior citizens, who are keen to supplement their income but also to remain in their own homes.
From the buyer's point of view, it's an easier way of accessing property than through a more traditional route.
The advantage of a forward sale is that you know at the time of sale how many payments the buyer will have to make. The owner sells the property immediately and receives part of the sale price in cash. The remainder is paid in monthly instalments over a fixed period. The owner can choose whether or not to stay in the property.
The monthly payments are not dependent on the vagaries of life, are tax-free and much more...
Come and ask us for advice,
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