FIRST TIME BUYERS

Property ladder scheme
  1. An excellent opportunity for first time buyers, or persons who are unable to get a mortgage at present.
    • No Mortgage Required
    • Vendor arranges finance
    • Deposit as low as £10,000
  2. The property is purchased on a 'Longstop' Completion of up to 10 years.
  3. The purchaser can complete the purchase at any stage during the 10 years.
  4. The contract is assignable and can be sold on by the purchaser, with the purchaser taking the profits.
  5. The purchaser can cancel the contract at any stage and get their deposit returned, less £5,000 administration fee.
  6. An example for a property with a purchase price of £225,000:
    Monthly Costs £985 per month (Finance of £215,000 at 5.5%)
    Monthly Capital Appreciation £1,500 per month (Estimated Average)

A Typical Investment is £300 per month, above the market rent for the property, to produce Capital Appreciation of £1500 a month average over a 10 year period.