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

What are Cenoptions and how do they work?

The whole range of Cenoptions is available on properties already owned or being purchased.

If you are concerned that the value of the property could fall in the future, Cenoptions allow you to mitigate this risk by giving you the contractual right to sell the property to Centrila, at any point from 3 to 10 years in the future, at today's agreed price.

This effectively provides you with the peace of mind that you can always sell your property at today's agreed value during this period even if house prices have fallen and the property is worth considerably less at any point during this period. All products within the range give you the legal right to oblige Centrila to purchase the property from you, but does not grant Centrila the right to purchase the property from you should the value of the property increase and you do not want to sell.

The application process should take less than 3 weeks from start to finish, does not involve any upfront costs such as a valuation fee, and has been made as streamlined as possible to ensure the highest of service levels. You will only be asked for payment of fees upon requesting via your Broker that your Cenoption contract be issued following your property being accepted for a Cenoption at a valuation you are happy with.

The product range has been created to provide greater flexibility for property owners, and hence, you can assign an existing Cenoption and the benefits of the contract to any third party the property is sold to as long as you inform Centrila of this beforehand in writing. This is a free benefit provided to Cenoption holders.

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