Financing Your Purchase

There are a number of ways to finance your property purchase:-

1. Cash

This is a very cost efficient way. With savings rates currently at very low levels putting your money into an appreciating asset could be very beneficial. The larger the deposit you make on an off-plan property discounts of up to 15% are not unusual.

2. Equity Release on your UK property

Under current circumstances with UK interest rates at such low levels this method may be very attractive.

The concept of an “offset mortgage” may also be something to be considered. We have an Independent Financial Advisor who will be able to advise you on this method.

An example of how this might work is as follows:-

	£
Your house in the UK is valued at	250,000
Against this property you currently have a mortgage of	75,000
The mortgage provider will set up a facility of 70% of the value of your property	175,000
You will therefore be able to release	100,000
Over 15 years the additional monthly repayment will be circ	600

You will then be able to pay down this additional mortgage earlier if you wish.

3.“Pay as you Go”

This is a new and very novel way of financing your property purchase.

You pay a 30% deposit and the balance over 12, 24 or 36 months. At the point at which you have paid 50% of the purchase price we will pass you the keys. The property deeds will be transferred to you once you have paid the full asking price.

The advantage of this method is that you don’t pay any interest, commissions or fees and after you have paid 50% you could even rent the property out to earn income to help make the balance of the payments. An example of how this scheme works is as follows:-

Property to be purchased for an asking price of £60,000.