UK Landlord Forum / Life

This is an odd one, but interesting.

Ok, get this, BMV Property Leads supply information on reposession hearings happening between the next 4 and 45 days. They essentially sell the leads for properties that are going to get repossessed...

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In addition to the property owner's full name and the property address, we also provide you with the mortgage company or bank applying for the repossession and the date of the pending repossession hearing.

Each Lead is exclusively supplied to only 1 customer on a first come first served basis.

Repossession cases of the most motivated form of "motivated seller", allowing you to buy property significantly below market value. Discounts in this sector commonly range from 15% - 45%, however discounts of upto 82% have been achieved by some of our more savvy clients.

Leads start at £99 for three, and go up to £1,250 for fifty. BMV say they sell each lead only once, and that all leads are vetted, checked and guaranteed.

It's not clear where they are getting their information from- but if they can get it- surely anyone can?

That's a good point actually. It does make me wonder where they're getting their info ... they seem quite established, mind. I think quite a lot of people contact them to help sell places.

They posted out a good deal in Walsall this morning, its very interesting seeing how they structure deals.


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Would you use them?

The thing is, the leads are a bit of a gamble... You don't know what you'll end up with. And there's no gaurantee you'll get a deal...

You may have to spend alot of money getting many many leads before you hit the jackpot, but then it would have been money well spent, maybe !!!!.
Hey could be worth a quick £99 dont you think, just to see what its all about. gamble gamble gamble, thats what its all about 

I agree, B, could end up being an extremely lucrative investment, buying some leads...

What I like is that (providing you trust the valuation - you'd get your own done of course) you've got instant equity. Its like the "Rich Dad, Poor Dad" deals on property, and I hadn't thought it was really possible to do that in the UK with our regs being different here. Maybe its not, needs more research. But buying so low under market value you already have your 10 or 12% equity has to be a winner.


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