Triangle Properties Limited believes all New Zealanders have a dream of owning their own home. However, many people are faced with financial setbacks and circumstances that prevent them from obtaining finance from a bank or lending institution. Unlike a bank, Triangle Properties asks for a small deposit.
If one of these situations applies to you, we can help -
-You're sick of paying rent & paying someone else's mortgage.
-You're a first home buyer.
-You don't have a savings record or a credit history.
-You have bad credit due to unforeseen circumstances such as health issues or job loss.
-You have been through a separation/divorce and trying to get back on your feet financially.'
-The banks won't give you a mortgage because you are self-employed.
Depending on your particular situation, there are several advantages of a Rent-to-Own house.
-Rent-to-Own allows you to move into your own house now, with a relatively small deposit (typically $3-7K), even if you have credit problems that would keep you from buying a house.
-Like a bank, the term is over 25-30 years. Just like a normal bank mortgage, you can refinance or pay us what is due at any time.
-You can treat a rent-to-own home like your own home.
-You can paint and decorate your home to suit your tastes and make improvements you would never think of doing with a home you are just renting.
-Any capital gain in the property is yours. We sell the house to you at a fixed price, which cannot be changed.
Triangle Properties leaves 20% interest-free finance in the property to make the repayments on your house more affordable. If you decide to sell at any time, Triangle Properties gets that 20% back at that stage.