Resale Distressed / Repossessed UK Property Resale Distressed / Repossessed UK Property

United Kingdom
Prices From £49,800
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Resale Distressed / Repossessed UK Property

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We specialise in sourcing carefully researched and selected high income and high discount Distressed/Repossession properties for our clients.

This is a hands-off service for our professional clients where we carry out all the sourcing, vetting and purchase process. Just register with us to join the mailing list for the next available distressed sale properties, pre-vetted for quality and letting income and in many cases, pre-tenanted.

Pre-Repossession and Pre-Auction property are now available from us at substantial discounts to current list prices. These include houses and apartments across the whole of the UK. Due to many of the properties being older than 6 months to 12 months old, mortgage finance is relatively easy to obtain.

We have spent the last few months building up a reliable supply of high quality and carefully selected distressed property sales for our clients that offer excellent discounts, free equity, simpler mortgages than new build and high yields, meaning in many cases these properties are cash neutral or cash positive in year one.

We progress the entire transaction for you including the offer, finance, legals etc.

  • Our distressed vendors may be:
  • Private vendors in a chain,emigrating,separating
  • Distressed developers looking for a quick but confidential sale - forced by their bank
  • Pre-auction repossessed property
  • Bank repossessions
  • Property on pre repossession order lists (prior to final court order)

Typical bargain property puchase example:

  • Discount: 23% discount to current list price
  • Property: 2-bed apartment with en suite
  • Location: Liverpool city centre
  • Reason for sale: Bank repossession (build complete)
  • Developer list price: 104,950
  • Price to investor: 87,495
  • Valuation rent: 600 pcm

Based on around 60% LTV on an interest rate of 3.99% this would make the property cash positive by 338.25 p.c.m. (after service charges, ground rent and mortgage costs). That is over 4,000 per annum cash positive AND you have a safe amount of equity within the property

This apartment is next to a large Liverpool University campus and the Royal Liverpool Hospital, ensuring high rental demand.

A typical London repossessed property was purchased for 225,000. The homeowner defaulted on their payments and the lender has taken action. In some cases the property requires work and the price must reflect this. To encourage a smooth and fast sale the property is often advertised at a reduced price for quick sale.

The example (real) property above was advertised for 167,950 by the agent and following extensive research to validate the quality of the property, our offer of 152,000 was accepted.

The actual price paid by the investor was 152,000 versus 197,000 (current valuation). That is a 23% discount to current list price, for a quality property in London that requires no work.

Before offers are placed we establish the achievable rent in writing from an independent letting agent and we are typically seeing 7% to 12% gross yields. This ensures that not only have we sourced you a large discounted property, but it will be cash positive by a large amount as seen by the worked example above.

Lower risk

Buying discounted investments can be one of the most effective ways to protect yourself against investment risk, just consider:

  • The market would have to drop by a significant amount for you to begin to lose money.
  • Properties are in excellent rental locations, meaning voids are usually minimal.
  • You are not just relying on the future capital growth, but rather building upon the equity already gained on purchase.
  • If you choose to sell your investment you could still sell at a price below the Open Market Value (OMV) making profit and still make the property attractive to buyers.

Do you have a very specific type of property or location you are looking for?

We offer a bespoke distressed sourcing service, ideal for our more serious professional investors. An upfront 250 + VAT sourcing fee is required which is refundable should property not be sourced within 60 days. A further 2% + VAT (of the property purchase price) would be payable once a suitable property has been sourced.

If it is the bespoke service you are enquiring about start the enquiry with "Bespoke".

Property Summary


  • Please register your interest on this type of property or call us as most properties are only sent to the waiting list of registered clients
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Resale Distressed / Repossessed UK Property

 

Enquire

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By registering your details with us we will send you regular updates about property investment news and opportunities from Assetz. You can amend your preferences at any time by visiting http://www.assetz.co.uk/full_registration.html. We will not share your information with any third parties. Please see our privacy policy for more information.
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Tel: 0845 400 9000
Risk Warning and Disclaimer :
The price of property can go down as well as up. Historic performance should not be taken as a guarantee of future performance. Geared property investment with mortgages can increase risk of losing money as well as increasing the possible gains. Mortgage products referred to in the website can be withdrawn by the lender or have rates or other terms changed without notice and reference to any products does not imply they are certain to be available in the future. Mortgages referred to may also have certain applicant restrictions and are for indicative purposes only although reasonable endeavours have been used to ensure that they are available at the time of publication and are applicable to a significant number of our purchasers. This site is for information purposes only and nothing on this site should be taken as definitive investment advice for your particular situation without you seeking additional guidance directly from ourselves or from other finance and property professionals. Property particulars on this site do not form part of an offer or contract. The developer and Assetz for Investors Ltd, whilst endeavouring to ensure complete accuracy in these property particulars, cannot accept liability for any errors. Valuations of property or indicated rents achievable are either estimated or derived from valuations and/or comparables and can change and should not be relied upon without your own additional valuation and research, but we have carried out reasonable endeavours to achieve accurate indications for these figures. All descriptions, dimensions, areas, reference to condition and, if necessary, permissions for use and occupation and their details, are given in good faith as provided by the developer and are believed to be correct. However, these are subject to change, especially, but not wholly, relating to any property that is off-plan or not yet complete. Any intending purchaser should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy. The onus is on each individual investor to undertake their own due diligence, enquiries and inspections. Where shown, net yields are calculated as rental income less expected service charges less expected ground rent as a percentage of the property price. No void periods, optional letting agent costs, repairs or other costs are deducted. Our standard Terms and Conditions of Sale will apply. E. & O. E.

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