Investing in off-plan Property developments, is to purchase a property on a flexible payment plan before the property is complete usually 10-20% below the current market rate 18-24 month before completion.
Why Invest in London?
For quite some time now London has been the de-facto property investment capital of the world. The EU’s biggest city, and the world’s 32nd most populous, is considered as the most secure choice of bricks and mortar bank of any major international metropolis.
Why Invest in Birmingham?
Within the varied UK property investment landscape, Birmingham has been among the regions drawing the most attention in recent years. Rental returns and potential capital gains upside have been squeezed by high prices in London and the South-East and the UK’s second most populous city has taken up some of the slack.
Why Invest In Manchester?
“Only two cities in the UK are growing in all directions: London and Manchester” – David Thame, freelance property writer as quoted in the Financial Times.
Manchester, the unofficial focal point of the UK government’s Northern Powerhouse flagship economic stimulus programme, is currently one of the UK’s property investment hotspots.
Why Invest In Liverpool?
Globally renowned as the home of The Beatles, Liverpool FC and Everton FC, Liverpool is a former industrial city and docklands that has thrown off its post-industrial doldrums and reinvented itself as one of the UK’s star turns as a city. After the decline of its shipbuilding and docklands-based heavy industry and port trade, which most of the city’s employment relied upon, Liverpool went through a rough patch during the latter decades of the 20th Century.
Why Invest In Bristol?
South West England’s largest city, Bristol’s bubbling economy, quickly growing population and strong housing market have caught the eye in recent years. Undoubtedly one of the UK’s most up and coming cities, the Bristol city-region has the highest productivity of anywhere in the UK outside of London and the highest household income.
Why Invest In Dubai?
With audacious architecture and spectacular skylines, it is easy to understand why Dubai remains the fastest growing city in the world and the tourism hub of the United Arab Emirates. Growth here has been expediential, having been transformed from a tiny fishing village to a major trading hub in less than 30 years.
The developer usually will already own the land and have pre-approval for planning along with a financial instrument in place against homes being pre-sold sounding under a mezzanine debt structure.
Strong advantage purchasing off plan property is only having to put down a deposit from 3-10% within the first month and then flexible payment schedules throughout the build period.(varies from developer and projects in question)
30% down before completion and 70% on completion is common practice within the UK market.
The down payment of 30% can be fixed or flexible, paid over 18-24 months(depending on the developer)
Monies are held in Escrow, client account or held by a solicitor.
All UK property sales must go through a UK solicitor.
You can pay cash, buy to let mortgage or financial vehicle of your choice, depending on your financial circumstances.
We will put you in touch with a panel of lenders through our Mortgage brokerage network.
Most developers will be secured by a performance build bond with a JCT contract enabling a new contractor or developer to tender for the build if anyone in the chain goes bankrupt.
Most contracts have step over rights in place to enable the development gets completed no matter what happens.
