100% Finance and assisted finance property investment opportunities
Emergis our currently working with a number developers who are in a “cash rich” situation and are able to offer investors the opportunity to purchase investment property with 100% finance or at the very least assisted finance.

The details obviously vary from developer to developer but generally after the initial reservation fee has been paid (ordinarily £1,000 - £1,500) a deposit (30-45% of purchase price) is required within a certain timescale (30-45 days).

If a purchaser wishes to buy with the 100% finance option they will firstly be required to raise a loan for the deposit, either secured or unsecured, depending on preferences and the amount required. The developers will then either service the monthly payments of this loan on the purchaser’s behalf until completion or alternatively pay a pre agreed interest on the deposit which may or may not cover the loan amount.

In most instances the interest or loan re-payments made by the developer are added to the purchase price of the property upon completion, although there are some developers who offer genuine “no-claw back” interest payments, especially for those utilising their savings and paying the deposit in cash.

The remainder of the purchase price is normally satisfied with a mortgage. Developers have close relationships with banking institutions and will normally assist investors with this. In theory the value of the property upon completion should be well in excess of the purchase price leaving the investor with immediate equity regardless of funding.

Either way, this gives potential investors who are not “cash rich” the opportunity of getting involved in off-plan property for investment where they ordinarily would have not been able to.

Emergis Limited are not at liberty to give financial advice and would always recommend investors discuss matters such as these with a qualified IFA (Independent Financial Advisor).

 

Examples of finance

Dunas Beach Resort, Cape Verde from €104,950 - €799,950

• €2,000 reservation fee
• 35% payment on contract (less reservation fee)
• Developers pay interest up to 10% per annum until completion on any money borrowed (this is rolled up and added to the mortgage upon completion)
• Or, if cash is used for deposit a 6% per annum interest compensation is paid until completion – entirely free and non-returnable
• 65% payment on completion via mortgage
• 70 to 85% loan to value mortgages, subject to status, available on completion based on initial purchase price, likely to cover the costs of rolled up interest. Interest only mortgage options available for first 5 years. 35 year mortgage terms available up to a maximum age of 75 years.
• Projected minimum yield after completion 9.4% per annum

Halcyon Hills, Samos, Greece from £21,000 to £735,000

• Option 1, 15% deposit
• Reservation fee of £1,000 fully refundable for 30 days
• 15% of the property price is payable within 30 days of the contract date
• 15% of the property price is payable a minimum of 12 months later
• 70% of the property price is payable when the property is completed. At this time, a guaranteed mortgage pays the remaining amount and the two year rental guarantee covers your repayments
• Guaranteed 8% yield for 2 years after completion

Halcyon Hills, Samos, Greece from £21,000 to £735,000

• Option 2, 30% deposit
• Reservation fee of £1,000, fully refundable for 30 days
• 10% of the property price is payable within 30 days of the contract date
• 20% of the property price is payable within 60 days of the contract date
• If your deposit is paid with finance you will receive 5% cashback to cover interest payments that you may incur!
• 70% of the property price is payable when the property is completed. At this time, a guaranteed mortgage pays the remaining amount and the two year rental guarantee covers your repayments
• Guaranteed 8% yield of purchase price for 2 years after completion

The Marquis Estate, St. Lucia from £130,000 to £495,000

• £1,000 reservation fee
• 30% deposit within 30 days
• The developer pays your monthly payment on the 30% deposit up to completion
• Developers guarantee assistance with 70% mortgage for completion
• There will be several price rises during construction meaning completion price will be higher
• Contracts can be sold on before completion
• Guaranteed 10% yield of purchase for 2 years price post completion

Investments Currently available:

 

• Barbados - The Merricks Beach Resort, St. Philip, Barbados from£245,000 - £1,195,000
• Brazil -Guarapua Beach Resort, Bahia, Brazil from £30,000 - £600,000
• Cape Verde - Dunas Beach Resort, Sal Island, Cape Verde from €104,950 - €799,950
• Dominican Republic - Las Canas Beach Resort, Dominican Republic from £100,000 - £750,000
• Greece -Halcyon Hills Luxury Resort & Spa, Samos, Greece from £21,000 - £735,000
• Grenada - Old Harbour from £95,000
• St. Lucia -The Marquis Estate, St. Lucia from £130,000 - £495,000
• St. Vincent -Buccament Bay Beach Resort, St. Vincent from £25,000 - £1,095,000