Instalment Contract?

An instalment contract is a legal document which enables you, the buyer, to purchase a property without the need to obtain a mortgage.

You as the buyer will pay a small deposit to your solicitors in order to exchange contracts with the seller.

Upon moving into the property you agree to pay a monthly instalment under the instalment contract which is utilized towards the purchase of the property.

A typical deposit of 4% of the purchase price will be required and the instalment contract is tailor made to your requirements and typically can last for up to 35 years, making the whole process both easy and affordable.

In most cases it is possible to complete the purchase by paying the full outstanding balance at any time without restriction or additional cost.