BMV or Below Market Value

New BMV mortgage package!

Many regular investors use BMV or below market value purchases to grow their portfolio. This is a growing trend and requires specialist finance arrangements.

Although there are a number of ways to structure the financial package it always includes the opportunity for the investor to buy a property for less than the actual open market value. Usually this is because the seller requires a quick transaction. This may be due to marital breakdown, a probate sale or unwanted inherited property, emigration or most commonly financial distress.

Up to now the purchaser would purchase with bridging finance and immediately remortgage (a remortgage is worked on open market value not purchase price) against the true value. This enables a greatly reduced deposit or ideally none at all. However lenders have been cautious in this and now the last of the main providers of this type of facility has withdrawn the instant remortgage option.

However! We now have access to a facility which will allow BMV purchasers to use any lender! This has been worked out over many months by specialists in this market together with their lawyers and is a completely legal process. It is important that the solicitors acting understand how this facility works and we would stress that it is important to use a team that understand how to put the package together. We therefore recommend dealing with our panel solicitors who handle these deals on a regular basis.

With BMV purchases it is critical to have a mortgage adviser who can put the correct financial package in place, as well as access to a legal team who understand the requirement of speed of completion and the whole process. F1 Finance can provide a complete package to ensure that your BMV purchases work seamlessly. Call us on 0870 4796610 today.

Our service is aimed at both new and experienced landlords. Whether you are buying your first buy to let, refinancing to buy more properties or adding to a portfolio – contact us.

Unusual property? - We can help you find finance for a variety of properties including...

• Multi occupation properties (HMO's)
• Student lets
• Scottish BTL
• BMV or Below market Value
• Buy to Let FAQ's
• Semi-commercial
• Ex local authority property

F1 Finance can help you find the most cost effective buy to let mortgage to suit your investment property.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER LOANS SECURED ON IT.
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