Maximising turnarounds for time bound purchases
In the fast-paced world of property investment, opportunities come and go in the blink of an eye. This is especially true for below market value (BMV) property purchases which are rare gems savvy property investors and portfolio landlords are always on the lookout for. Often, BMV properties spring up at the speed of light and will be put up for sale on auction, meaning buyers have to provide 10% of the property price upfront to secure the deal with the balance due within 28 days.
The race against time
In the race against time, what happens when you spot a great deal but don’t have funds readily available to complete the purchase? In these cases, timing makes all the difference as the ability to secure funding swiftly can be the key factor in sealing the deal. This is where a specialist lender that can guarantee quick turnaround on lending decisions becomes invaluable. In a market where multiple investors may be vying for the same property, the ability to move quickly gives you a significant advantage. A bridging loan tailored towards auction purchases can be the difference between securing a good deal or missing out entirely.
Why speed matters
- Competitive advantage: in the world of BMV properties, guaranteed quick access to funds can give you a significant edge over other investors.
- Seller confidence: sellers offering properties at below market value more often than not want to complete the sale quickly. Being able to move fast can make you a more attractive buyer.
- Opportunity cost: every day spent waiting for funds is a day you could be missing out on other investment opportunities.
- Market fluctuations: the market conditions tend to shift quickly. The ability to act fast means you can lock in good deals before the situation changes.
The right lender makes all the difference
At MT Finance, we offer fit-for-purpose bridging loans. Our fuss-free process and common-sense approach ensure we prevent you from missing out on any time-sensitive opportunities that come your way. Key features include:
- Up to 70% LTV
- Loans from ÂŁ50,000
- Terms from 1-24 months
- Available for residential, commercial & semi-commercial assets
- No exit fees or ERCs
- Undervalue transactions
- Pre-approved funds for auction purchases
Get in touch
If you’d like to find out more about how we can support you, we’d love to hear from you. You can email our broker relationship managers at enquiries@mt-finance.com or drop them a line via our online form and someone will be in touch shortly.