5LI: Homeowners Beware of Risky Lease Deals 16 OCT 11




5 live Investigates show

Summary: Experts warn homeowners desperate to sell against risky lease option deals. Adrian Goldberg discovers people struggling to sell their home are being approached by investors who want to take a lease option on their property - the would-be sellers agree a price that the investor can buy the house at, at a future date, and the investor agrees to cover the mortgage payments in the meantime, so the owners can move out and move on. It could be a win-win situation, but experts say this is an unregulated area and sellers could end up losing out - and even losing their property. Plus, an insight into how Liam Fox's self-styled special adviser Adam Werritty funded his jet-set lifestyle.