Tenant wants to buy house (woo hoo!) but via Instalment Contract?

[AlternativeMoniker53]

Does anyone have any experience of this? Apparently she'd put down a large deposit, about 90k and then pay the rest off at legally binding, agreed intervals. Her credit is not good enough to get a mortgage, I know her personal circumstances and rented to her where others would not have done so and she's repaid me by being a model tenant.

I can't quite get my head around how it all works! I think she'd pay the top valuation (which seemed a bit optimistic even to me!) and we wouldn't have to empty the house, redecorate, take indeterminate months of no rent etc into account while selling. Interesting!

ask your solicitor if it would be possible to draw up a shared ownership contract so you would still retain ownership of a percentage of the property. You would also be getting a small rent for the part you own.
Our first house was bought on what then was called a private mortgage but I have no idea how it worked except the selling price on a ten year mortgage was £300 and after ten years we owned it but with interest we had paid £1000. Still it got our feet on the housing ladder and we bought better houses over the years although it took a lot of penny pinching and doing without.