Category Archives for "Off Plan Property"

what_type_or_residential_property_is_best_for_retirement_income

What type of residential property is best for retirement income?

Village, high-yield, or inner city?

A new client, Scott, spoke to me a week or so ago and asked about property as a retirement income generator. He’d been told by his financial advisor that an annuity would provide the best and safest income in retirement. A friend of his had said that he’d be better off putting his money into buy-to-let property. Being an intelligent kind of guy, he wanted to investigate further before making a decision. Read More
simpifying_the_process_of_buying_a_property_off-plan

Simplifying the process of buying an off-plan property

Week one and beyond in off-plan property investment

In my last post, I looked at the initial hurdles you have to jump when buying an off-plan property when I wrote about off-plan property investment – the difficult first week. These range from:
  • negotiating the money laundering process; to
  • finding and appointing a solicitor with off-plan experience; to
  • chasing up the developer and their solicitor.
Along the way you’ll have multiple forms to fill in, questionnaires to complete, and, of course, fees and reservation amount to pay. Thankfully, the potential profitability of off-plan property investment makes these headaches disappear. But what if you could relieve the pain sooner and simplify the process – from the moment you decide to take advantage of off-plan property for sale? Read More
why_off_plan_property_investors_dont_care_about_recessions

Why off-plan property investors don’t care about recessions

Off Plan Property - market collapses present opportunities, not problems

Inexperienced property investors are terrified by the thought of a recession decimating their property portfolios. Until you have invested through a recession, it’s natural to be worried. After all, during recessions people lose their jobs, wages are cut, and doom and gloom stop people spending what money they do have. During a recession, stock markets will probably fall, and lower interest rates will reduce the income you receive on your savings accounts. For most investors, a recession spells losses. In this post, you’ll find out why you don’t need to be scared of a recession as a property investor. You’ll also meet Dan, whose lifestyle was catapulted skyward through a recession because of his property investments. Read More
what_mortgage_broker_do_when_you_buy_off_plan

What does a mortgage broker do when you buy off-plan property?

  1. Off-plan property mortgages need kid gloves
As we saw in our last investment blog post, off-plan property contracts are complex documents.  An experienced and competent solicitor is a must-have. So too is a good mortgage broker. The right off-plan property mortgage could be the difference between positive and negative cash flow. It could be the difference between relying on capital growth and making a net profit from your rental income. In this post, you’ll learn what a mortgage broker does in the weeks between you putting down a reservation fee and exchanging contracts. I’ll also explain what a mortgage broker can do to iron out certain financing difficulties when you buy off-plan property. Read More
How_can_I_guarantee_my_new_build_flats_to_rent

How can I guarantee my new build flats will rent?

Tips to make sure buying off-plan is profitable

Although some investors buy off-plan apartments with a view to flipping them and making a capital gain, others buy new build flats to rent. There’s a lot of mileage in you doing so as part of a core property investment strategy. The question is when you’re buying off-plan, how do you buy new build flats to rent and make sure they will? This post will show you the three things you need to do to guarantee a demand to rent your property after completion. Read More
what_does_solicitor_do_when_you_buy_off_plan_property

What does a solicitor do when you buy off-plan property?

Off-plan property contracts are complex documents

Buying off-plan property is very different to buying existing property. There will be staged payments, and complex provisions, terms, and clauses in an off-plan property contract. You’ll need a solicitor to go through the fine print. Do-it-yourself conveyancing isn’t an option. In this post, I look at some of the legal issues that arise through the process of investing in off-plan property. I’ll also list what the solicitor does in those crucial first four weeks before you exchange contracts and commit to the investment. Read More
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