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Found 7 results

  1. There are many investors who have lost money investing in companies which either fail to deliver or go bust before completion of developments. http://www.thetelegraphandargus.co.uk/news/14695945.International_investigation_begins_as_firm_creating_flats_in_Bradford_goes_bust_owing_millions_of_pounds/
  2. I am from the UK but I now live in South Africa. I set a goal to make my first property investment this year. I have put a 2k reservation fee down for an off plan apartment in Manchester back in July 2020 to be completed Q2 2022. The process has been taking a long time and it brought up issues with the developer as my but to let mortgage is looking likely to come through a Shariah bank who have said they are willing to give me a mortgage at this stage. Once the property build is complete in 2022 the sellers solicitors will serve notice to complete in 10 days. My solicitor has ironed
  3. Hi all, I've been listening and researching for a couple of years on and off, I have now decided to start my investment journey! My time is quite limited for research so I stumbled across an investment company and thought I would give them a shot to see what they can offer. So far I am quite impressed, not forcing a sale and generally being very helpful. They seem to know what they are doing and everything makes sense going by my limited knowledge. My main aim is capital gains over a long period with multiple investments for a retirement fund, but of course the rental profits need t
  4. Hello, I'm being sent a lot of newbuild developments all over the country, some nice ones for investment, some aren't. The problem I find with a lot of these developments is that they ask for 30%, sometimes more on exchange of contracts which I think is ridiculous. I'm not about to give my money (£40-£60k) to the developer, to just sit in their bank account for 2 years. I'm (we are) basically funding the developer's work. Am I missing something? is there another perspective to this? (assuming I'm willing to wait 2 years for a property).
  5. Been looking at new build schemes. Developers often have their own solicitor drawing up contracts, is it worth having you own to look over it?
  6. Hi all, I'm considering buying an apartment "off-plan" (so to speak) in a currently derelict building in Liverpool. The building is a Grade II listed building. It is being completely renovated and made into a new residential development with many units. Delivery would be end 2018. A few things really I'd love some advice on: 1. Will it be difficult for me to secure a mortgage on what effectively is a Grade II listed building (despite the fact that it's being completed renovated)? 2. Am I likely to incur higher than usual service charges down the
  7. Hi, I would be very grateful for some experienced advice on an apartment purchase, which has hit a problem at the lenders survey stage. The property was purchased off-plan - terms of the contract were 5% upfront, then remaining 5% upon completion. I am pleased with the build quality, however, i have now hit a snag in that the lender will not lend on the property citing "high risk" and "unsuitable security". In fact, after discussion with my broker, it appears a number of lenders are not willing to lend on the building. I'm trying to locate the exact problem, but
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