UK Landlord Forum / Life

I work for a large off plan investment company, who benefits living near the developments. I can therefore see how the progress is coming along, and also liaise with developers to discuss new buy-to-let discount plans, and owner occupier plans. If you would like to contact me for further information, please do not hesitate to drop me an email.
melissa@quaypropertyinvestments.com

An off plan property is a property that is sold before it has been constructed and where the buyer only have the property plans provided by the architect as a guidance of how the finished property is going to be.The idea of purchasing off plan is to acquire property at the lowest cost using as little capital as possible therefore achieving a substantial capital gain. If you buy off plan when the villa or apartment is at the drawing board stage or initial stage of build then you have the potential to make considerable input into the internal layout and finish of your chosen property.

Lets not forget the potential pitfalls. You can buy in  a year or two before delivery at say 20% below expected market price.
When the property is nearly built you try to sell but have no takers. You drop the price but still no takers. You eventually sell for much lower than expected just to get your initial investment back OR you hold onto the property and get a mortgage or pay the balance to developer. You then have to try and rent it out in an area where many other new properties have just been built. There is also the possibility of the site still being an awful mess as other new homes continue to be under construction.

With the purchase of property off plan today, the sale of land at today prices. Once the property is complete, you may very well be an increase in value has a significant return on investment. In addition, if only to pay rates today to know that if you expect to see more products on sale can be implemented to be entered into a boat and has a market price .

I would never do it! I lost a 16,000 deposit due to a limited company going bust. They took my money via their solicitor, I have no come back. Even contacted my MP who said company law only protects the company. The company was based in Wolverhampton, the two directors are Asian brothers who are still trading. The firm who disolved the company sold it on to another builder who has no obligation to me.

All of them are BASTARDS!!!!!!!!!!!!!