Purchase Lease Options

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It's what we do...

Purchase Lease Option are a simple contract that means we agree a fixed price to buy your house today, but we have X amount of months to complete that transaction (thats the term), and for every month in the meantime, we'll pay you a lease fee. 

In reality, what this means is that you can hand over your property within 4 weeks, we'll agree your price (we don't negotiate down on market value), and you get to receive an income in the meantime. The amount we pay you monthly will depend on a number of factors including if you have any debt servicing costs such as a mortgage, and what condition the property is in. 

A Purchase Lease Option agreement is only legally binding is there is a option fee paid up front (this is called consideration, in legal terms). Most of the time thisi will only be £1, but Axelrod will enhance this and pay up to 15% of your property value upfront.  

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And this is how we do it...

You may think 'Why would I do this?' or even 'Whats in it for Axelrod?' 

Well, for one thing, in 2023 the property market is facing its biggest challenge since 2008 property price crash. With inflation soaring, the base rate being increased to higher than 08's and legislation changes eroding many landlords portfolio profits, Axelrod Property are here to find a creative solution to your problem.

Exploring a PLO with Axlerod Property will allow you to achieve the following: 
- You sell your property at the true market value, no negotiations or delayed sales cycle. 
- The shortest PLO term is 12 months, which is only a few months longer than the current typical conveyancing timeframe. 
- Not only do we pay the true market value, we'll also pay you a guaranteed income each month to cover debt servicing costs, such as your mortgage.

Project examples

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3 bed terrace

Hull, Yorkshire

This 3 bed was brought to us in a run down state from a recently settled estate. The vendor lived abroad on a 12 month work visa and so needed to be hands off. The property couldn't be rented, so we paid the market price on a PLO, completed the renovation which costs £27,000, and uplifted the value by £40,000. We then shared the uplift with the vendor, paying them 20% for a property they had no involvement in.

2225054__1656663056-29588-CAM00618P1-PR0116-STILL12

3 bed terrace

Burton on Trent, East Midlands

This 3 bed was brought to us in a run down state from a recently settled estate. The vendor lived abroad on a 12 month work visa and so needed to be hands off. The property couldn't be rented, so we paid the market price on a PLO, completed the renovation which costs £27,000, and uplifted the value by £40,000. We then shared the uplift with the vendor, paying them 20% for a property they had no involvement in.

2225054__1656663056-29588-CAM00618P1-PR0116-STILL12

3 bed terrace

South Shields, North East

This 3 bed was brought to us in a run down state from a recently settled estate. The vendor lived abroad on a 12 month work visa and so needed to be hands off. The property couldn't be rented, so we paid the market price on a PLO, completed the renovation which costs £27,000, and uplifted the value by £40,000. We then shared the uplift with the vendor, paying them 20% for a property they had no involvement in.

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Sell your home at it's market value in just 4 weeks

Free, no-obligation, 30-minute property portfolio consultation to see how we can help you.

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Download our PLO Information Pack

We've got a handy little guide with examples of how this strategy can deliver a win-win situation.
Download Guide