New finance scheme specifically for properties being purchased at BMV.

Introducing the AMV Mortgage.

ACCESS MARKET VALUE

For purchasing buy to let property at below market value, we have tailored a very unique package to enable the purchase of property without a deposit or bridging finance.

• We use the OMV as the contract price
• We arrange a BTL mortgage for 75% of the contract price
• We arrange 25% deposit funded from a third party investor
• 2 seperate solicitors are appointed. One must act for the vendor and one who acts for you.
• On completion the deposit and mortgage funds are transferred to the vendors solicitor, who sends the lower agreed (BMV) price to the vendor to complete the purchase.
• The remaining funds are regarded as a cashback from which the funded deposit and arrangements fees are deducted before transferring the balance to you.

Costs/Fees

• Application fee of £75 and administration charge of £55, both payable on application.
• Our arrangement fee is 1% payable on completion and deducted from the cashback.
• Vendor's appointed solicitor £699 inc VAT (Vendor pays this)
• Your appointed solicitor £550 + VAT and disbursements.
• Transaction fees of 0.5% + £1750 both payable on completion and deducted from the cash back.
• Funded deposit facility fee £3000.

Contact us today to discuss your below market value property purchase with our AMV facility.