Great NEWS For Your Sons and Daughters ... PDF Print E-mail
Blog and News - Announcements
Written by John Angeletta   
Monday, 29 March 2010 11:56
Great NEWS for First Time Buyers ...

Thanks to all our investors who have enjoyed an excellent first year from our Below Market Value website.
 
More great news!
 
Due to increasing demand from you, we are launching an all NEW below market value website just for First Time Buyers.

With the Chancellors new 0% rate Stamp Stamp Duty Land Tax threshold doubled, a FTB can now buy a £250,000 property through us saving up to £62,500 with NO STAMP DUTY!

As FTB's may attract a 90% mortgage on a PURCHASE price they will, in real terms, put only 7.5% deposit down whilst enjoying huge savings against open market values.  
 
For example, a £250,000 property has a massive day-one equity of £81,250 (including 25%BMV saving plus 7.5% deposit). Mortgage payment c.£650pcm. Combined gross income required c.£46,000pa.
 
Quite an exceptional deal don't you think?
 
For a £100,000 example at 25% Below Market Value, with a 90% mortgage on the purchase price, the deposit is just £7,500 with day-one equity of £32,500.  Mortgage payment c.£250pcm. Combined gross income required c.£18,750pa.
 
For a £150,000 example the 7.5% deposit is £11,250, day-one equity is £48,750. Mortgage payment c. £360pcm. Combined gross income required c.£28,125pa.  And so on. 

Would your sons and daughters like to enjoy day-one equity of 1/3rd?  
 
Would they like their very own property for less than the cost of the average monthly rent?
 
Would your friends children wish to enjoy this too?
 
Remember, parents can act as guarantor if children's incomes are beneath the required amounts to secure a mortgage. And, with 1/3rd equity your money is much safer!
 
Do call us to run through the math or just to let us know what you think. 

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