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6th January 2009Benefit from the 2009 repossession market safely
The benefits of buying property off a distressed seller or bagging a repossessed property bargain are obvious: immediate buffer against further price falls and high yields delivering immediate cash flow. However, attending auctions and trying to negotiate with desperate vendors directly can be very time consuming, costly and risky if you don't have previous experience or an established buying track record. "Specialist firms like Fruitful are able to negotiate exceptional discounts for our busy clients at the moment" explains Director, Nick Hopkinson. "Fruitful's expertise and buying power mean our investors are buying houses and flats at 20+ percent Below today's Market Value (BMV) with high rent yields, often over 7.5 percent, delivering immediate positive income currently. This opportunity was simply not around this time last year and will disappear as soon as market confidence returns!"
More importantly, Fruitful’s investor’s are currently able to leverage the equity from repossessions towards deposits making NOW the time to invest; this may not be possible in the future as Bank mortgage lending criteria continues to get harder. This strategic approach to buying minimizes investment costs and delivers a far higher cash return on investment (ROI) in the long term: get in touch to find out more.
Market fundamentals of chronic supply shortage and long term growing demand for residential property, particularly in London and South East England make buy to let a very sound long term investment strategy, provided you have cash for deposits and budget properly for the long term. Also, the current uncertainty around house prices is driving record demand for rental property from tenants who are eager to pay for your investment! Fruitful's full investment service can help with all aspects of your investment property including specialist mortgages, conveyancing, letting and asset management. Fruitful currently manage 100's of residential property for our busy client's.
To find out about Fruitful's latest BMV properties call our offices for a no obligation chat on 020 7031 8282 (weekdays 9am to 6pm) or send an email to info@fruitfulproperty.com with your name and daytime phone number. "Most people will see 2009 as a missed buying opportunity when they look back!" say's Hopkinson "why not find out more?" Back to all Press Cuttings
