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There's an alternative to selling
Use your property's equity
to purchase your new home
Alternative to selling your property
Complete the form to arrange a free, no obligation property valuation to discuss this alternative to selling
Most people approaching an estate agent to sell their property rarely consider renting it out. But if you’re moving to a new home you don’t necessarily need to sell your current property! What if you could have both properties and make money from your old property without lifting a finger?
This option means you’ll own two properties and enjoy the equity growth of both of them in the future. This will put in in a better position further down the line, to purchase your forever home, or even help your children get on the property ladder themselves.
The graph below shows the increase in property prices since 2000 and illustrates how property prices could increase further over the next 10 years, based on the last 20 years. It also indicates how much capital appreciation you could have earned in your current property.
About this Alternative to selling
How does this alternative to selling work?
How Rent to Buy works
You’ll go ahead and buy the home you have your heart set on, exactly as you would expect. However, instead of selling your current property, you’ll take out a BTL (Buy to Let) mortgage, which allows you to purchase your new property.
When you re-mortgage your current property, the capital appreciation you’ve gained since buying it could be enough for a deposit to purchase your new home.
So what are the benefits?
When you do this, you’ll still own your existing property and will be able to rent it out. So your rental income would likely cover your BTL mortgage payments, effectively paying for itself, and potentially giving you an additional source of income.
In ten years’ time, when you decide it’s time to move into your forever home, you could sell both properties, enjoying ten years’ of increased property value– plus the rental income you’ve received over ten years.
Testimonials from some of our Lettings Clients
Click/swipe to read the individual testimoinals from some of our landlords and tenants
Fantastic customer service from Simon West. Very professional and efficient ! Fantastic advice about the rental market and he is very knowledgable about the area. Very efficient in dealing with any queries. 5 star service!
Mr DW
Great service and Tristan was very helpul and he understood my needs. Very friendly staff and proprerty very nice ! Higthly recomended!!
Mr EB
Having had problems with previous tenants and being at a dis-advantage as I'm so far from my rental property I was rather pleased that Tristan took over the marketing and just got the job done. He suggested a couple of price drops to get the place let and kept me updated to the point where I knew what was going on without being inundated, so the service suited me perfectly. Throughout the letting process Tristan was polite, friendly, professional and to the point, can't fault him. Happy to keep using Prospect for my property.
Mr AP
I would highly recommend prospect estate agency in Camberley if your looking to rent a property. Chris Clarke did an amazing job, he made the whole process very quick and easy. I'm really happy with the property and the way it went.
Mr MH
An enthusiastic and helpful salesman. Assisted in getting us a tenant for our property. Kept me regularly updated and returned calls in a short time frame. A pleasure to deal with and will use again in the future.
Mrs TH
House Let easy with good advise and help before decided to use Prospect with no commitment needed or pushed for a decision. Great since! getting the few maintenance thing sorted. Good response time for any queries I have had coming back with answers without having to ask again!
A happy landlord
We are renting our first property and have been for many viewings with other companies but found Prospect to be the best, right from the start of the first initial telephone call to arrange viewings, they listened to what we wanted and arranged several viewings in one night to save on time. Our agent Chris has been brilliant, from the first viewing he really understood what it was we were after and after seeing the third property with Chris we knew it was right for us. Throughout the whole process Chris has been second-to-none, keeping us updated with any information and processes which were going on, and has dealt amazingly with my panicking and constant calls to make sure that everything has been perfect as I am so particular. Whenever I've had to call and Chris hasn't been available all of his colleagues have been extremely helpful in answering any questions I've had. We've had such a positive experience with Prospect and can't wait to continue our relationship with them as our agents.
Miss HM
The team at Prospect have been fantastic throughout the process of letting my property. The customer service far exceeded my expectations from day one. The team kept me updated and provided unprompted helpful guidance and advice . The marketing of my property was excellent and Prospect were very proactive in their approach - sourcing suitable tenants very quickly. I highly recommend Prospect
Mr AC