HOW IT WORKS
Distressed and repossessed property is typically found when the owners cannot maintain them, due to defaulting on their payments or other financial terms, causing the lender, usually the bank, to take action. Prices for these properties are usually significantly reduced, typically by 30% to 40%, in order to promote a quick sale. We have access to properties that both banks and developers need to sell quickly and discreetly. Many of the properties we source are bulk deals where we secure a large number of units, obviously at a greater discount to normal repossessions. These units are No Deposit and 105% Mortgage.
The strengthening pound combined with cheap Spanish property prices is allowing buyers to see their money go much further than usual. Interest in the market has been flooding back in from the UK and this only looks set to continue.
HOW DO WE GET OUR PROPERTIES
We have extensive links with receivers, financial institutions, solicitors, banks and auction houses to bring our clients the best deals and discounts available in the market today. You don’t have to wait several years for capital growth because you are making instant equity as soon as you own the property.