BOARDWALK PROPERTIES

1. How do I start?

Contact us. Outline your requirements in detail and we will endeavour to meet your investment criteria. If you have a specific requirement and wish for us to source to that specification, then let us know. Alternatively , examine our list of latest deals to see if there is something that fits with your requirements.The list is constantly changing so keep checking back.

What kind of discount can I expect

A lot of investors get very focused on "BMV" (Below Market Value). This suggests that a property has been bought at a price that is below what the market would value such a property at. As experienced investors will tell you , the value of any property is determined by what a buyer will pay for it. That said, we very often achieve a discount from the open market price or the original vendor price. This can vary between 10% and 50%. The most important point is that you are able to achieve either a good margin on resale or a significant cashflow, depending on your criteria.

How do I know that the discount is genuine?

All our properties will have either been on the market at a higher price or can be compared to similar properties in the same area. This is a part of our due diligence process.

Do I need to view the property before I reserve?

Many investors do not even view a property prior to purchase. It is a personal choice. We always recommend that you perform your own due diligence prior to purchase.

How do I reserve a property?

Once you have found the property that you wish to purchase you will need to click on the reserve button. This will take you to the payment page. The fee to reserve will vary depending on the sourcing fee for that property. Be certain that you wish to reserve the property prior to processing payment.

What if I decide not to proceed with the purchase?

We have no intention of taking your money without providing an end product. However, our work does have a cost. So an administration fee of £100 will be deducted.  Should you wish to cancel please use the contact form and this will be processed within 48 working hours.

Can you help with mortgages?

We can refer you to a mortgage broker. We are not licensed credit brokers and are unable to provide any financial advice.

Are Buy to let mortgages based on my income?

No, providing you have good credit rating and a minimum annual income of £10,000 the money you can borrow is based on the rental income. You will find rental income clearly stated in our presentations for each of the properties on offer and as we aim to achieve at least 125% rental coverage you can be confident you will get access to the best mortgage product available on the market.

When will I be required to exchange contract?

You are usually required to exchange contracts within 28 days of your solicitor receiving the contract. Make sure you exchange within this time frame or the vendor could withdraw the property and you could lose your £1000 reservation fee. By using our recommended solicitors and brokers we can help you ensure that this timescale is met and your investment purchase proceeds without delay.

Can you recommend a solicitor?

Yes we work very closely with experienced and professional solicitors.  Please ask your property consultant for more details.

What if I want to use my own solicitor?

You are welcome to use your own solicitor but they must be able to meet the 28 day exchange deadline.

Is now a good time to invest in property?

Now is an excellent time to invest in property. Interest rates are at an all time low and are expected to stay this way for the foreseeable future. The property market is showing real sign of recovery which means huge potential for capital growth. On top of this rental demand is still high so it is an ideal time to invest in a Buy to LET property.

Can I sell my property prior to completion?

Yes you can as long as your contract is ‘assignable’. Your property consultant will be able to advise you on this. We can also put you in touch with local sales agents if you are looking to re-sell on the open market.

What type of mortgage should I go for?

We suggest you go for an interest only mortgage when purchasing a buy to let property. All our figures are calculated based on interest only mortgages.