Property on monthly installments

[cheekyvirgin]

Hello guys

Is there any company or financial institute offering to get a property to paying them each month until the value is being paid.

I have seen a adverstisement on tv ( did not remember which company was that) was offering £700 as a deposit and them paying them from £300 each month depending of the property value.

any help will be appriciated.
Thanks.

[jordandvdj]

yeah - there is this new concept called a 'mortgage'.

Organisations called banks let you pay them monthly until the value of the property is reached.

Banks also offer 'loans' - you can pay these monthly too.

[cheekyvirgin]

Originally Posted by jordandvdj

yeah - there is this new concept called a 'mortgage'.

Organisations called banks let you pay them monthly until the value of the property is reached.

Banks also offer 'loans' - you can pay these monthly too.

Yeah but i am in Uk how can bank lend me any thing for the mortgage and even these days coz of credit crisis bank is so hesitate to lend any thing until unless you put down 20% or 30% deposit towards your property.

[bya]

It sounds like you want a lease to own deal. These are generally offered by investors rather than institutions.

[Stephendxb]

Originally Posted by cheekyvirgin

Yeah but i am in Uk how can bank lend me any thing for the mortgage and even these days coz of credit crisis bank is so hesitate to lend any thing until unless you put down 20% or 30% deposit towards your property.

It all comes down to what you are seeking and what type of credit rating you have. Banks will lend, even upto 90%, but again many variables come into the equation. You will find it much more difficult to find financing for off-plan developments than those already under construction. In fact I wouldn't recommend off-plan at this stage unless you really know the market, and only then if it is with one of the main developers.

If you really want to buy, send me a PM with your details ( budget, timeframe, investment purpose, location preference, etc ) and I will guide you to the right place.