Buying BMV Investment Properties
With Fast-Track, investing in below market value
property to build your own buy to let property portfolio couldn't be
easier:
Step 1
When you register with Fast-Track, one of our Portfolio
Managers will call you to discuss your personal needs ...
and tell you more about the advantages of buying investment
property at below market value..
You'll also receive regular Investment Property email
alerts as new BMV property investment deals become live. The
best property deals are sold within hours of launch, so we may not
get a chance to send an alert. Make sure you tell your Property Portfolio
Manager that you want to be on their Priority
Property Deals Hot List.
Call Fast-Track on 0845 095 6900 to speak to a Portfolio Manager now.
Step 2
Carry out your own research to
ensure the investment properties meet your requirements ... and ensure
you can obtain mortgage funding if required.
We can put you in touch with specialist mortgage brokers
to to help you arrange mortgage funding for buy to let properties.
You will need a Decision in Principle from a mortgage
lender PRIOR to reserving a property ... or be able to show
us proof of funds if you are a cash purchaser.
Step 3
When you're confident you have the funding and are ready
to invest, make a reservation by calling our office on 0845 095 6900. Reservation fees to take the BMV property off the market are payable on reservation
by credit/debit card.
We also send you a reservation form. Please complete the
form, sign it and return it immediately to secure your reservation.
Step 4
We instruct the solicitor to act on your behalf for the
purchase of your property investment. The majority of the legal fees
are to be paid at this point.
For efficiency, you are obliged to use the conveyancing
solicitor appointed by Fast-Track. However, the solicitor
is acting for you at all times.
Step 5
Exchange of contracts typically
takes place within 30 days of the reservation date. A deposit
is paid on exchange of contracts - usually 5% - 10% of the purchase price.
If the investment property is an off-plan property, it may be several months after exchange of contracts before the property sale completes.
Once you have exchanged contracts you are legally bound to purchase the property. Should you decide to withdraw after exchange, you will lose your deposit and possibly be sued for breach of contract.
Step 6
As close as possible to completion, we appoint a letting agent
Step 7
Completion takes place once
all the conveyancing work has been done and the remainder of your deposit is paid. The solicitor draws down your mortgage funds to pay
the Vendor's solicitor so the property then becomes yours.
In the case of re-sale properties or new-build that is finished, exchange of contracts and completion often takes place on the same day.
Take The First Step To Building Your Own Investment Property Portfolio
Call us on 0845 095 6900 |
Buy
Investment Property Below Market Value
