49 Mandale Road

Stockton-On-Tees

TS17 6AD

Telephone: 01642 605537

Email: sales@krdassociates.co.uk

www.krdassociates.co.uk

Sell

To

Rent

PEACE OF MIND

Selling your house and renting it back will help you achieve that most important human need -

PEACE OF MIND

· Forget all about Repossessions and County Court Judgements.

· Make sleepless nights a thing of the past.

· Pay off all those high interest loans and credit cards.

· Keep the friends and neighbours you know and trust.

· Let someone else worry about the

central heating boiler.

· Don’t worry about the pension that turned out to be worthless.

THE GOOD LIFE

Have the things you have always dreamt about. The good life is not just for everyone else.

IT IS FOR YOU

· Have the use of your hard earned assets NOW

· Go on that exotic holiday, in the four star hotel.

· Buy that NEW car, gleaming in the

show room.

· Treat yourself to that flat screen T.V.

with cinema surround sound.

· Enjoy restaurant meals and nights out, without worrying about the cost.

· Buy trendy new furniture and throw out your old worn-out dated stuff.

· Get those fashionable clothes

you could never afford.

KRD ASSOCIATES

We are a buy to let company, with a large portfolio

of good quality properties, throughout the north east

of England. After several years in the business it was

realised there was a demand for release of ‘locked up’

capital within the bricks & mortar of the house.

Equity Release

The only way of accessing equity cash is

a) Sell & move

b) Take out a loan with the property as security

Sell To Rent

It was decided to devise a method of purchasing properties & then renting them back to their

former owners. A twelve month trial period was implemented to evaluate the practicalities of

operating a wordable and fair scheme, with no hidden smallprint.

Purchase Price

The purchase price will be based on

market value, after existing mortgages

& loans are repaid the balance will be

yours to spend however you like.

Rent Payable

Directly related to the purchase price & in accordance with the mortgage companies

guidelines.

Value £50,000	Rent Per Month £325
£60,000	£400
£70,000	£450
£80,000	£510
£90,000		£575
£100,000		£640
£110,000		£700
£120,000 £130,000		£765 £830

Every extra £10,000 £65

How it Works

A typical example based on a property valued at £90,000

Purchase Price

In accordance with a valuation carried out

by an independent surveyor, appointed by £90,000

our mortgage company.

Rent Per Month

£575 fixed for three years. £20,700

Total Rent Paid

£575 x 36 months

You now have a three year rent-free period.

Balance Paid To You

£69,300

Other Valuations

See Rent Payable Page

49 Mandale Road

Thornaby

Stockton-On-Tees

TS17 6AD

Telephone (01642) 605537

Fax (01642) 880455

E-Mail: sales@krdassociates.co.uk

www.krdassociates.co.uk

Dear Mr. & Mrs…

Re: …

I refer to my recent visit to the above property and confirm the following transaction:-

1. Purchase price to be …

2. Rent payable by you to continue living in the dwelling will be… per month.

3. The amount of rent to be fixed for a minimum of 3 years, variable thereafter only

in accordance with fluctuations in interest rates.

4. Three years rent to be paid in advance, a total of ….. deducted from the

purchase price.

5. There is no time limit to the time you may wish to live at this address, providing an

assured tenancy agreement is signed prior to completion.

6. A survey will be required.

7. Our Solicitors details are – Mr. Martin Legg, Elmhirst Solicitors, 13 Finkle Street,

Selby, North Yorkshire, YO8 4DT.

I trust the above is clear and satisfactory and look forward to hearing from you in the near future.

Yours Sincerely

Keith Belton

Frequently asked questions

Q. How long can I stay in the house?

A. As many years as you like, the tenancy

agreement will need to be updated

every year.

Q. Is there a minimum contract period?

A. Yes. The mortgage company requires a three year

tenancy agreement to be signed before completion.

Q. How is the rent paid?

A. The first 36 months will be deducted from the purchase price,

& thereafter by standing order.

Q. Are there any qualifying age limits?

A. No. Unlike other equity release schemes,

age is not a factor.

Q. What advantages do I get by selling my house and renting it back?

A. It releases the money (equity), which is locked into your property; you may need the

liquidity (cash) for any number of reasons.

Q. Are certain house types better suited to the scheme.

A. Houses worth between £50,000 & £120,000 are most applicable.

Q. What insurance do I need?

A. KRD will insure the property.

You, the tenant, insure the contents.

Q. What other costs are involved?

A. Your own legal fees for the sale, you are also responsible for council tax, water rates etc.

Q. Will my rent be increased?

A. Following the initial 3 year period, rents will only be increased in line with interest rates.

Q. What will KRD Associates gain from the deal?

A. A modest profit on rent.

Rents are calculated in accordance with the

mortgage companies guidelines.

Increase in equity value & a “built in” Tenant.

Q. Who is responsible for repairs?

A. As the owners KRD Associates will carry out general repairs.

Q. How much notice do I give, should I

wish to leave?

A. After the initial three year period, two months

would normally be sufficient.

Q. How long will the transaction take to complete?

A. Exactly the same length of time as a sale on the open market.

Q. What other advantages are in it for me?

A. There are no estate agents fees, if an agent

has already been appointed, you will have to

pay their fees in the normal manner.

Step By Step

1. If you are interested in the scheme after reading this brochure, please ring for an

appointment.

2. A Director will visit your home to discuss values, condition, rents etc. and make you

an offer.

3. You will receive a letter confirming the offer & setting out the terms, as in the example further up the page.

There will be no pressure follow up calls.

4. Consider your options carefully & if you wish to accept the offer, contact this office.

5. Appoint a solicitor to complete the process.