Optima Properties: Now Everyone Can Buy!

Being in the expat property space, one of the most common objections we hear is "But can I buy a UK property whilst I'm abroad - it's just too difficult, isn't it?"

As a Brit or UK citizen based abroad, or even as a Non-Brit; you can buy property in the UK, even if you do not live in the UK right now.

It is, of course, most likely the case that buying a property in the UK as a Brit or Non-Brit based abroad is easier if you are a cash buyer – i.e. do not need to apply for a mortgage or additional borrowing as it may be difficult to apply for a standard UK mortgage if you are paid abroad and or in a different currency to the British Pound Sterling.

However as more and more people choose to work away from their home country, many British people want to gain access to the UK property market while they are away from their home life in the UK. Be it to help get a foot on the property ladder, or simply to add to their existing property portfolio, or just because they feel UK Property represents a safer and more reliable investment of their wealth. Property provides both Capital Growth as the value of the property rises over time as well as a Residual Income which can be used to compliment both employed income during your working life or Retirement Income afterwards; making property one of the safest and most desirable asset classes for investment.

Non-Brits and Brits alike want a piece of the enormously successful UK property investment market, and who can blame them!

Yields from rental income in the UK can be high, especially when converted into other currencies, while both rental yields and property prices tend to rise at a rate far higher than UK inflation levels. Therefore, not only does this mean a great investment today, but it means your returns just keep on getting better and better in relation to ordinary inflation in the UK. Combine that with the current bargain price of the Pound Sterling and we see an investment that can easily outperform traditional investment structures!

The biggest stumbling blocks we come across regarding the UK property market have been the same since people first started paying attention to the fantastic returns we can make with investment property portfolios, so common questions:

I don’t have a deposit! Typically overseas purchases of UK property or other investment property require a large deposit of around 30%, which many of us simply can not afford. Living away from home we always require a larger fund at hand in the bank in case of emergencies and so placing a large lump sum deposit on a property purchase is simply too impractical for most expats. If only there were a way to buy property today without requiring a large lump sum deposit!

Will I be able to get a mortgage? It is certainly more complicated to find a suitable and reasonable mortgage whilst living and working outside of the country you intend to buy or re-finance, often requiring a specialist mortgage brokers who offer options outside of the typical high-street lenders. Its vital to have a specialist Mortgage Broker on hand should you require a mortgage now or in the future.

I have no idea which area would make the most sense to buy, where will the next growth region be? This can be difficult for both residents and non-residents alike, but living away from home means we are often “outside of the loop” when it comes to knowing which areas are in for a boom. Technical assistance in this area can be the crucial difference between buying a boom-town or a bust!

What if my tenants move out? Finding new tenants can be problematic at the best of times, never mind when you live on the other side of the world and have a large time-difference to contend with. Having a management company who will take care of the Letting of your property in your absence is essential!

What if there is a problem with the property and I am too far away to be able to fix it?

It is always concerning to have a problem with a property when you live in a different country and possibly even a vastly different time zone. Having someone nearby you can rely upon is paramount when it comes to the smooth efficient management of your property portfolio.

Now Everyone Can Buy....

Whilst all these represent very valid concerns, here at Optima Properties we are delighted to introduce partnerships & schemes that help to combat all of the above concerns and ensure a simple, cost-effective, and straightforward solution to getting a foot (or a second foot) on the UK property ladder.

Our Unique Solutions:

Fantastic value for money UK rental properties - with prices beginning from only £66,000 right up to £2m we truly have something for everyone.

No need for a large deposit - The days of large up front deposits are over, Optima offers the ability to pay your deposit monthly, with affordable flexible schemes allowing you to pay the deposit monthly, quarterly, bi-annually, annually or any agreeable flexible structure that suits you personally.

No need for a mortgage - Our “No Mortgage Plan” means now everyone can buy a UK property without the worry that you may be declined for a mortgage.

You pay only 65% of the property value using your own funds over an affordable payment plan, and let the rental income take care of the rest - that’s right, you can end up fully owning a property having never paid a lump sum deposit and never taken a mortgage. You utilise an affordable monthly payment plan to cover 65% and then let the rent take care of the rest. You literally end up having only ever paid 65% of the value yourself!

Rental Assurance - One of the biggest concerns living abroad is if your tenants were to move out - Our partnerships can offer guaranteed rental schemes, so you never need to worry about being left without your rental income!

Proven market discounts of up to 20% - We can show comparable properties in the local area selling for up to 20% higher than your agreed purchase price!

Proven Yields of 8 - 8.5% - we have proven being rented with yields of 8.5% right now!

In-House Mortgage Advisor - Should you decide to take a mortgage on your property either now or in the future. Our mortgage brokers specialise in helping expatriates or foreign nationals outside of the UK to buy and remortgage in the UK.

In-House Furnishing and interior design - Furnish the place yourself or choose from one of our fantastic stylish and cost-effective packages, allowing our interior design team to care of everything aspect of furnishing your apartment for you!

Professional Surveyors and economists providing full due diligence in identifying and selecting the most attractive geographical areas with the highest likelihood of capital growth.

With a 10 year proven track record of rental and resale success - so much so, the vast majority of our customers come back for a second property within 2 years!

If you are thinking of buying a property in the UK, we can arrange for a free consultation so you can establish whether it is a sensible investment for you, and help you find the right property, and the right scheme.

For more information please contact us - admin@optimaproperties.com