FAQs - General
FAQs - Costs and Valuation
FAQs - Mortgages and eligibility
FAQs - Exercising the option
FAQs - Obligations for each party

FAQs

How do I apply and how long does everything take?

You simply need to complete the straightforward application form which your Broker will go through with you. Any supporting evidence of the property's value such as a survey or comparables should also be provided at this stage as this may assist Centrila in reaching its valuation figure. Once the application form has been submitted, Centrila will usually provide a decision on the property value within 5 working days. From this point, the issuing of contracts and remaining administration required for your Cenoption to be put in place can normally be completed within two weeks.
 
How many Cenoptions can an individual hold?

Centrila relies on the value of each individual property rather than on the specific financial circumstances of the property's owner, and hence there is no restriction on the number of your properties that can benefit from a Cenoption. You could apply for a Cenoption on one single property, or multiple Cenoptions across your entire portfolio or a select group of properties within your portfolio.

Can I assign my Cenoption?

Centrila appreciates that you may wish to move or perhaps, sell your property and that flexibility can be of key importance. The Cenoption range therefore allows you to assign the benefit of the contract to any individual or corporate body of your choosing, including but not restricted to mortgage lenders, new owners or even beneficiaries within a will. It is important that Centrila is informed in writing of any assignment, with the process for this being explained in the Welcome Pack you will receive upon successfully applying for your Cenoption.   

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