How It Works
Premier Property Finders will offer you a selection of properties that we have on our books. You choose which one suits you. For our latest selection phone us on 01953 861032.
After you have agreed to proceed with us, and have signed our contract, the next procedure will be for us to find you a suitable mortgage from one of our several trusted mortgage brokers, (or go to Ed Ling's web site www.themortgagehall.co.uk ). We will endeavour to procure the best deal for you. (You will be required to use our mortgage broker and solicitor to enable us to keep control of negotiations on your behalf and act in your best interests. This will also ensure that the negotiations are as ‘speedy’ and efficient as possible).
We will then instruct a valuer to visit the property and give us a valuation on the market value and the rental value. (This valuer is working on behalf of the mortgage lender).
Once we get the report back from the valuer, we will be able to assess how much money the mortgage lender will lend you. Depending on what that amount is, and what % the Loan to Value (LTV) is, will determine your deposit.
It is then dependant, time wise, on the mortgage lender, but can take anywhere between 2 weeks to a month for the money to come through, so that you are then in a position to complete on the property. (Unfortunatly, due to the financial climate at present, the mortgage companies do sometimes down value properties right at the last moment, this is out of our control and is in the 'lap of the Gods').
That is basically it! Premier Property Finders can ensure everything is running smoothly for you, and therefore relieving you of any of the hassle normally involved with a house purchase. Plus side for you is you will have capitol gains already ‘built in’ of between 10% to 30% depending on your chosen deal and you will also not have to put in such a large deposit.
The only fees paid by you, will be your valuation fee, solicitor fee, and mortgage fees, (which are normally added to your mortgage),our success fees of 2%, and a deposit if required.