Mortgaging Up Front

By mortgaging up front we mean purchasing a property by paying a deposit and obtaining a buy-to-let mortgage to fund the majority of the agreed price. In the current climate most properties are bought by our clients with cash. However it is of course still possible to obtain a mortgage up to 85% of the purchase price.

Mortgaging up front is not possible for properties requiring substantial remedial work. These properties require full cash payment up front for two main reasons:-

Investment properties in poor repair which are for sale below market value remain in demand. If we have cash waiting we are far more likely to be the successful purchasers of a property at an attractive price because we are a much more appealing proposition to the vendor.

A property in need of substantial refurbishment would not pass a mortgage survey without a retention even if the vendor were to accept our offer subject to mortgage finance. Obviously once the property is refurbished and let it is a much more attractive proposition for a lender to secure funds on and this is how our system operates for this type of property.

MRA Property Investments Ltd provides a totally bespoke service. Whatever your objectives are please contact us and we will find the right investment properties for you.

If your property investment plans involve obtaining mortgage finance at some stage it is vital that you are aware up front exactly what deals are available to you. There are far less buy-to-let products available now than there used to be and as personal circumstances vary enormously we strongly recommend that you obtain a quote and verification of your ability to obtain finance. Please visit our MORTGAGE QUOTES page to obtain a FREE, NO OBLIGATION quote.

CALL FREEPHONE 0800 028 8642 OR CLICK HERE TO REGISTER AS AN INVESTOR TO BE ABLE TO VIEW COMPREHENSIVE REPORTS ON CURRENTLY AVAILABLE PROPERTIES

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