100% FINANCE - Information on how our 100% Finance Scheme works to buy property in the Caribbean, Brazil & Cape Verde

With our 100% finance scheme you only need to pay £1,000 reservation fee with no further funds required until completion. The balance of your deposit is funded via finance where the interest payments on this loan will be paid for you by the developer.

How does the 100% finance scheme work?

£1,000.00 non-refundable reservation fee required for reservation of a specific property.

30% deposit required (less £1,000.00) within 45 days of reservation. If you choose to lend this deposit the developer will pay the loan repayments, including interest, for this the 30% deposit until completion of the specific unit you have reserved. The payments will then be added to the purchase price upon completion.

Example:

Property price £300,000.00. £1,000.00 reservation fee paid. The deposit - £300,000.00 x 30% - £90,000.00 - £1000.00 (reservation fee) = £89,000.00. Interest on £89,000.00 @ 6% p.a. - £445.00 per month, paid for 24 months by the developer - £10,680.00 added to the purchase price upon completion.

Due to the significantly discounted off-plan contract price and the capital appreciation during the construction phase, it could be anticipated that the £300,000.00 purchase price will have grown to a property value at completion of circa £447,000.00.

At this point a 70% loan to value mortgage is available and therefore you will be able to borrow up to £313,000.00 i.e. 70% of the value of the property at completion. This is clearly ample to pay for the £299,000.00 (purchase price less £1000.00 reservation fee) that you owe as well as the accrued interest of £10,000.00 – from the above example.

Assuming you borrowed the maximum loan to value mortgage, available from the example above, you would borrow £313,000.00 on which the annual interest payment would be £21,910 based on a rate of 7%. The rental guarantee of 10% of your purchase price of £300,000.00 will generate an income of £30,000.00 each year, should cover your mortgage payments. If you wish you could retain the £89,000.00 loan you took out for the deposit, pay the interest yourself each month, from completion onwards, and use the money to invest in further investment property purchases.

Should the developer be unable to raise your finance for your initial 30%, your £1,000 shall be refunded to you in full by the developers.

This finance scheme is an innovative way in which investors can utilise finance in order to invest and begin to establish an international property portfolio. The scheme is bespoke in that each client/investor will have different circumstances & credit rating and indeed objectives in regard to their investment.

Get in Touch

or call 0845 130 9011 or

+44 (0) 121 616 5019 (if outside UK)

---

* Email
	* = Required Field

---

Share

---