BMV properties in the UKOver the past 12 months, the number of property repossessions in the UK has soared. Desperate sellers have been trying very hard to find buyers for their properties to avoid repossession, and have been giving their properties away for 20-30%, below RICS valuations. Where the properties have been repossessed by the banks, the prices can go down as much as 40% below RICS valuation. Investors Provident has teamed up with a number of banks, lending institutions and mortgage companies to offer repossessed properties, and distressed sale properties to our investors. Over 90% of our UK repossession properties are bank repossessed, and are being discarded for a quick sale. Hence, these properties come with huge discounts (off RICS valuations) and built-in equity of anywhere between 25% - 40%! Every property is inspected and valued by independent RICS surveyors and in most cases, there are 2-3 different surveys done to establish the correct market price (and hence, the discount price). We provide copies of these valuations to all clients that decide to move forward. Our properties typically fall in the £55,000 to £350,000 price band, are located all over the UK and can be purchased with a small deposit. Please contact us today to see the types of repossessions we currently have available in UK. BMV properties in SpainDue to massive over supply, property prices in Spain have also fallen. Like many economies, property sales and lending have collapsed in Spain as the situation is compounded by chronic overbuilding. However, even with its fair share of problems, Spain still remains as the one most popular place abroad for British property investors. Like the UK, some of the large scale developers, investors and holiday home owners who bought at the boom of the market, and paid well over the odds are now struggling to keep up with their mortgage repayments and are off loading their properties at fantastic discounts of up to 45% off market value. In some cases, where the Spanish properties have be repossessed by the banks, they are being packaged and offered with very little money down with finance in place. We at Investors Provident have teamed up with out associate partners, banks and mortgage suppliers to offer property in the Costa del Sol and Northern Spain which is well below market value. For a current list of BMV properties available via Investors Provident, please click here. Alternatively, if you are looking of something specific in Spain, please contact us today with your requirements.
Interested? Find out more...Interested in finding out more about these repossessed properties? Please fill in your details below and we will be in touch with you shortly. If you would like us to call you back, please leave your contact number and the preferred time to call, and we'll do the rest. = Required
Other projects and articles of interest |
| Africa |
| Asia |
| Australasia |
| Caribbean |
| Europe |
| Middle East |
| South America |
Best Mortgage Fixed Rates
Apply online and choose the best mortgage with fixed rates.