Introduction
What are Cenoptions?
How Cenoptions can benefit you
Application process
The Cenoption product range

How Cenoptions can benefit you - a worked example

You bought your house four years ago for £220,000.

During those four years you have invested money and time in improving the property resulting in a current value of £295,000.

Having purchased a Cenoption there are two scenarios should you wish to sell your house:

1. Since the purchase of your Cenoption there has been an increase in the value of your house and its value has risen to £330,000. This would enable you to sell it on the open market and realise a profit of £110,000 on your initial purchase. In these circumstances you would not benefit from exercising your Cenoption and would probably choose not to do so.

2. If on the other hand there has been a fall in property prices and your house is worth only £260,000 and you have taken the sensible precaution of putting a Cenoption in place you can sell your house to Centrila for £295,000 thereby keeping your profit intact. If you had chosen the Maxi product you could actually sell the property to Centrila for £309,750 – 5% more than the original market value!

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