The single biggest question I get from property
entrepreneurs is "how do I
raise the finance to buy below market value properties?". I'm sure it’s a
question you've asked somewhere along the line and makes for an especially
tricky problem if you do not have a team of private investors
backing you.
There is now a quick and cheap solution. We can help you purchase
an unlimited number of properties using 100% finance based on the value of the
property and not what you have agreed to pay (no matter how far
below market value)...
Our system is
totally legal, costs are fixed
(i.e. no nasty surprises) and it's offered by someone you know and
trust (Parmdeep Vadesha). I have also worked very hard to put together an efficient team
who can handle your requirements no matter how big or small.
How Does It Work?
It's very simple and straightforward. Let’s say you
want to buy a property no money down worth £100,000 and you can get
it for £80,000:
1. The mortgage broker will help you apply for an 85% mortgage on
the property based on its value of £100,000
2. My finance company will arrange to lend you the 15% deposit (so
you get 85% from the bank and the remaining 15% from us)
3. You will arrange for the vendor to sign an option agreement
provided by us stating that they are happy to sell the property for
£80,000 and anything above that will be payable to us.
4. On completion the sum of £100,000 will be sent to the vendor’s
solicitor. The vendors solicitor will then pay the vendor £80,000
and the remaining £20,000 will be paid to us.
5. We will then return to you the 20k minus the 15k deposit that we
provided minus our 1% fee + VAT.
Here Is A Case Study:
Market value of property £100,000
Purchase price £80,000
Equity £20,000
Purchase costs
Legal fees for purchase £485 + VAT
Legal fees for vendor £600 + VAT
Private finance charge 1% £1,000 + VAT (min 1k)
Mortgage broker fee £300
Valuation fee £389
Total costs £2,770
Mortgage @ 85% £85,000
Deposit from us @15% £15,000
Total borrowing £100,000
Less pay vendor - £80,000
Less deposit from us - £15,000
Less purchase costs - £2,770
Cashback £2,230
Built in equity £15,000
The Cashback Is Yours To
Keep.
The
Property Is Now Yours No
Money Down.
This Can Be Used On Any
Property Anywhere In The Country!
Are There Any Conditions?
We will arrange and provide both the vendor and purchaser solicitor.
As far as they are concerned they are both involved in a normal
transaction which doesn’t give rise to any complications that could
scupper the deal. The system can be used to purchase properties
using little or none of your own money. In fact we have over 130
deals going through at the moment from Tycoons newsletter readers.
What To Do When You Have A
deal...
When you have a deal please fill in the form at the bottom of this
page:
"Why Bother With This
No Money Down System?"
Our no money down system is particularly useful if you want to buy
a bargain property without putting any of your own money down. To
buy a bargain property yourself and remortgage later is a good
strategy but you will need to put down a deposit for at least a few
months.
Then you run the risk of not getting a high enough valuation
from the surveyor which means you could have your money stuck in a
property for many months with no way of getting the funds out.
Also, we can allow you to complete on a property
very quickly (once the valuation and offer have been confirmed)
giving you an edge over your competition.
As you know, mortgage
lenders usually lend based on the lower of either the purchase price
or market value. If you are buying bargain properties, then you will
not be able to borrow against the true value of the property giving
rise to a delay in getting your deposit funds out.
"I Started With 4
or 5 Properties... That's Above 50 Now...
Within 4 To 5
Months We're Looking At An Expected Profit Of Between £150,000 -
£175,000...."
"Nicholson
Road, we're pulling out cash of £5,000... Travis Avenue, We're
getting a cash back of £8,900... They're the kind of properties
we're aiming for... (continued)" |
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Click here to listen to the audio clip of how to do a 100%
finance deal
(Right-click your mouse on the blue link then click "Save Target
As.")
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"What's The Difference Between You And Others
Finance Companies I've Seen?"
I
freely admit, if you're looking for the cheapest service
on the Internet then we're not it. We provide a premium service for
serious property investor clients who come back to us week after week to handle their
no money down financing at very reasonable rates.
Sure
you can find someone from the Internet to do your bridging, but what
comeback have you got if he hasn't got the money on the day? Is he
regulated by the FSA? Is everything above board? Do you know where
his money came from?
You MUST Ensure All Funds Originate From
A Legitimate Source!
Because
of the volume of deals we do for the type of clients we have, we
cannot afford to have the kind of hiccups and problems you come to expect from
smaller less efficient operations. We must also insist on
doing everything absolutely 100% legally correct from start to
finish on every single deal.
Use Our Checklist To Help
You Choose The Right 100% Finance Partner...
| QUESTIONS TO ASK A
PROSPECTIVE 100% FINANCE PROVIDER |
No
Money Down Ltd |
Others |
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| "How many deals have you done since you
started in business and how many are you doing now?"
WARNING: try to find a
company with a good track record of working with successful
property investors. |
32 deals
done in the last 10 weeks - 5 completing every week on
average |
? |
| |
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| "How many different solicitors have you
used since you started providing finance?"
WARNING: Many smaller
operators start with a firm of solicitors who are unaware of
the fact that what the financier may be doing amounts to
mortgage fraud (i.e. the
team used by the financier and indeed the financier himself may
not comply with the relevant regulations including the
office of fair trading, the law society and the FSA). When
the solicitors inevitably find out, they tell the client to go elsewhere which he
does and the cycle starts all over again. Don't get caught
out - make sure you ask this question and make sure you only
work with properly regulated people - this ensures you get
compensation if things go wrong! |
One |
? |
| |
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| "Are you fully compliant with all the relevant legislation related to
this type of finance?" |
Yes |
? |
| |
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| "Is your mortgage broker FSA regulated?" |
Yes |
? |
| |
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| "Does your team FULLY comply with the
office of fair trading, law society, consumer credit and FSA
rules and regulations?" |
Yes |
? |
| |
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| "Is your bank completely aware of what
you are doing and how you do it?"
WARNING: NO honest bank or
solicitor in the UK will approve a non compliant investor
lending money to individuals in a manner that is illegal.
That's why it's so important to work with someone who is properly regulated and for the banks and solicitors to
know everything about the business. |
Yes |
? |
| |
|
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| "Are your solicitors completely aware of
what you are doing? and how you do it"
WARNING: NO honest bank or solicitor
in the UK will approve a non compliant investor lending money to individuals in a manner that is
illegal. That's why it's so important to work with someone
who's properly regulated and for the banks and solicitors to
know everything about the business. |
Yes |
? |
| |
|
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| "Do you protect me against the
possibility of creditors chasing me for money after I've
done a below market value property deal?"
WARNING: if you do a BMV deal
you may get creditors chasing you for the profits you've
made because they could argue that the seller of the
property sold below market value to keep the creditor from
getting paid. This is common in bankruptcy cases. When you
do a deal with us, we take out a special type of insurance
so you are completely covered. |
Yes |
? |
| |
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| "Can I speak to your satisfied clients?"
WARNING: any reputable
finance provider will be happy for you to speak to their
satisfied clients. We have dozens you can speak to on the
phone or in person. |
Yes |
? |
| |
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| "Can you prove that the source of your
funds is completely legal?
WARNING: Ask to see bank statements, accountants statements
and signed declarations from the investor to prove the
source of any funds. |
Yes |
? |
| |
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| "Do you offer me anything more than just
finance? Can I network with your other clients,
speak to your broker and solicitor and meet you in person to
learn from you?" We run regular workshops all over the
UK. We also speak at the largest property shows in the UK
including the Property Investor Show at Excel, London. |
Yes |
? |
| |
|
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| "Do you guarantee the availability of
funds for my deals?"
WARNING: what will you do if on the day of completion your
financier phones to say the money isn't available yet? What
comeback have you get if the money doesn't ever materialise
and you end up losing thousands of pounds in profits? If you
work with a reputable and experienced company you won't have
this problem. |
Yes |
? |
| |
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| "Can you handle an unlimited quantity of
deals?" |
Yes
|
? |
| |
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| "Do you offer a referral scheme for me to
earn a passive income by referring other people I know to
you for their 100% financing requirements?" |
Yes |
? |
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| "Do you offer me special incentives
as I do more deals with you?"
Absolutely! We offer FREE consulting with property experts
to help you do even more deals
which of course is in our
best interests. You also get discounted rates on a wide range of
products and services, preferential front row seats at
our events and workshops and much, much more! |
Yes |
? |
| |
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| "Do you offer me educational training and
case studies to help me learn how to do more deals?"
|
Yes |
? |
| |
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| "Do I pay you ONLY rates and charges
as you've stated on this website?"
WARNING: Beware, a lot of the
cheaper companies out there will offer very cheap deals to
get you interested and then once you've agreed to go ahead they'll
add on legal fees, entry fees, exit fees, admin fees and all
sorts of other fees to really build their profit. Watch out
for this. |
Yes |
? |
Advantages
Of Buying Properties The No Money Down Way...
1. True no money down deal...
2. You'll know the amount of mortgage money you will get before
you complete on the property as the valuation will have been carried
out before exchange of contracts...
3. Grow your portfolio as fast as you want no need to worry about
deposits - buy an unlimited number of properties using other peoples
money...
4. Interest on full purchase price deductible against income from
rent...
Here are some quick points to remember:
1. You'll need to get the property at least 20% below market value
to get you 100% no money down. If you don't get it that much BMV and
you don't mind putting a little bit of money down then this will still work very
well for you in exactly the same way as described above.
2. We charge a fixed 1% of the funds lent (minimum £1,000). So in the above
example our charge would be just £1,000. This is extremely reasonable
(search on Google and you’ll see people charging twice that). We decided to pitch low because
we would like to have a steady stream of deals to work on. The only
other cost you will need to cover is your insurance.
3. Tax Advantage:
by acquiring the property with a 100% finance
you will benefit from having 100% of your mortgage interest payments allowable against your rental income for income tax
purposes.
4. To ensure the deal goes through smoothly I insist all
applicants use my mortgage broker and solicitor. This is because we
cannot afford cock ups or delays due to inefficient solicitors or
mortgage brokers and to keep costs as low as possible for you (by
passing all our business through the same people). My
team are so efficient now, we can literally get a deal done and
dusted in under two weeks!
Here's what to do when you have a deal in mind:
- Our mortgage broker will call you and explain the next step,
including the best lender to use for the transaction.
- The lawyers who are fully versed with these types of
transactions will get cracking with search’s and contracts. The
difficulty for most lawyers lies in the fact that you are purchasing
properties creatively.
This is why you
need lawyers who know what they are doing!
-
If you do not have a deal in mind yet,
please feel free to email me directly with any questions you may
have about our No Money Down financing service -
deep@property-course.com
I look forward to working with
you.
Kindest regards,
Parmdeep Vadesha, Vadesha
Properties Ltd |
