Unlocking the Benefits of Vendor Assisted Purchases
IFP Development and Commercial director Bob Dyson's occasional blog on key finance opportunities.
Sale Under Value
We have lenders who are interested in the value rather than the purchase price. Some bridging lenders will consider 100% or more of the purchase price as long as it is 75% or less of the property value and we even have term buy to let lenders who will consider 90% of the purchase price as long as it is no more than 75% of the value. Contact us to discuss.
Vendor Assisted Purchases and Joint Ventures
Colloborate with the vendor and you could pull of a property renovation with no or little capital required. One route is deferred completion where you borrrow against the equity in the vendor's property and they take their funds on completion. If there is enough equity we have bridging lenders who can consider not only lending the funds to buy the property but also to renovate it. Alternatively you could enter a joint venture with the vendor and split the profits from the deal. Either way you get to make money from properties with no or minimal cash required.
The Finance Broker's Essential Role
In the realm of vendor assisted purchases, the finance broker serves as a crucial intermediary. At IFP Development and Commercial Ltd, our advisers are expert in this field and the comprehensive panel of lenders available means we can nearly always find one to support your project no matter how quirky.
Maximising Your Purchase Potential
To maximise your potential in vendor assisted purchases, consider engaging with a finance broker who can guide you through the intricacies of the market. IFP Development and Commercial Ltd provides tailored solutions that cater specifically to your needs. If you are ambitious to expand your potential but don't always have 25% deposit and renovation costs don't worry contact us to find out why you may not need it using sales under value and vendor assisted purchases.
Get in Touch with Us
At IFP Development and Commercial Ltd, we are committed to providing top-notch finance brokerage services tailored to your individual needs. If you are interested in vendor assisted purchases or would like to explore how we can assist you in navigating the complexities of the property market, we invite you to connect with us. Please fill out our contact form below, and a member of our professional team will reach out to you shortly to discuss your requirements and how we can support your financial objectives.