BMV Property
BMV Property
BMV Property
Bmv property is the latest twist on making considerable money from the the property market. Simply explained, bmv means below market value, so any property whether it is a new build apartment or a detached 1920's cottage if it is being offered for sale below the current market value it is in essence a bmv property.
The BMV Property pictured above
First impressions - It's an old run down typical British terraced house, nothing special. Now let us tell you about it: Firstly we are never going to live in it. The house was valued by a RICS surveyor at £85,000 and we had our offer of £51,000 accepted by the vendor. That's £34,000 instant equity (profit) and 40% discount. The monthly mortgage payments are £200pm and it rents out for £495pm, a profit of £295 each month. Not bad for a old run down terraced house.
Property Criteria
There is no set criteria for a below market value property deal. Different landlords look for different factors when buying property. However, there are a few common traits that most bmv property deals will exhibit: A good level of discount off the true value of the property, a good rental yield, location in a prime rental area close to the appropriate amenities. Please call us if you are looking to purchase a property for investment as we have a specialist team on hand who can talk you through the various factors.
We can help you
Investing in property is a business in its own rights and like all businesses it has a level of risk associated with it. Provided you have evaluated the level of risk and have decided that property investment is right for you then please call us. We source property that has a good level of discount, strong rental yields and are loctated in prime rental areas. All of our bmv deals are packaged so we sort out your mortgage, your solicitors, re-decoration if needed and can even find you a suitable letting agent.