The use of property options continues to grow in popularity.
Property options are a form of property vendor finance which, up until that last few years, has been predominately used by large scale property developers to obtain the right to buy a property before a set future date for an agreed price.
During the time between the agreement and the cut off date, they push the development application through and purchase the property.
However, smaller scale investors can also use property options but in a slightly different way.
This is what is known as a “rent to buy” arrangement.