The Buying Process
Property investors have 3 choices on how to finance their investment
| 1) Stage Payments | 2) 70% Mortgage | 3) 100% Finance |
| £1,000 reservation fee | £1,000 reservation fee | £1,000 reservation fee |
| 30% deposit (minus fee) | 30% deposit (minus fee) | 30% deposit (finance) |
| 10% within 14days repayments | 10% within 14 days | Developer makes |
| 20% within 30 days | 20% within 30 days | until completion |
| 25% at foundation stage | 25% interest only 9.75% | 25% interest only 9.75% |
| 25% on raw construction 9.75% | 25% interest only 9.75% | 25% interest only |
| 15% on finishing works | 15% interest only 9.75% | 15% interest only 9.75% |
| 5% on completion | 5% interest only 9.75% | 5% interest only 9.75% |
| 70% LTV mortgage + interest on stage | 70% LTV mortgage +30% deposit repayments + Interest on stage payments |
With regards to taking out the 100% mortgage, investors will have the choice whether to pay the interest in stage payments or to defer them on to completion.
On completion, the property is predicted to have increased by more than enough to cover the interest accrued and the 30% deposit, into the 70% loan to value mortgage ( as above) .
This is achievable through future growth, coupled with the instant equity gained by purchasing at these off-plan prices!.
Why not register your interest now and we will contact you shortly
