UK Landlord Forum / Life

Looks like agents are trying to get more properties on the market by offering sweeteners. Well, they have to do something to get the wheels moving again, right?

Incentives are back in a big way, as dozens of new developments are launched across the South-East in time for the long Easter weekend. If economic forecasts have made you cautious about buying a new home, our top housebuilders would very much like to change your mind. The aim to grease the wheels and keep property changing hands as the market slows down.

There are plenty of deals available, some of which include:

Quote
First-time buyers remain the holy grail for developers. There are a vast array of discounts on offer, including those eye-catching "move in for £99" deals which usually include payment of the 5 per cent deposit, plus legal and other fees and stamp duty.

Quote
There are also relatively new deferred payment deals, such as Crest Nicholson's Easybuy, which offer first-timers the chance to pay only 75 per cent of the price. The remaining 25 per cent is paid back either when the property is sold or after 10 years, whichever is sooner. The drawback with this is that you will pay back 25 per cent of the property's value at that time, so if it shoots up in the years to come, so will the amount to be paid back.

Quote
Nervous investors, meanwhile, are being wooed with a range of guaranteed rental income schemes. This involves the developer promising to pay either a gross or net rental yield, typically of 5 or 6 per cent, for a set period of usually between two and five years - whether or not the apartment has a tenant.

I'm holding out for the offer which has a Ferrari give away!

Full Article here

Looks like there after xmas sweetners have failed.  this is why plan B is in currant use, tell everyone houses are free