With house repossessions predicted to rise over the next year, financial experts are warning financially vulnerable homeowners to be cautious of risky lease option agreements which could put their property in jeopardy.
"We were sold the idea that the house would be, in theory, no longer our responsibility.
"One of the slogans they used to entice us in was that we could 'move and never look back'".
"The house was a massive millstone round our necks and we just desperately wanted to get away from it."
Speaking to 5 live Investigates, Martin Angliss reflects ruefully on the predicament which prompted him to sign up to a property agreement which was apparently risk-free, but which has now left him facing bankruptcy and repossession of his home.
Experts warn that unregulated residential lease option contracts could become a "major scandal"
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