This new service is aimed at UK professional buy-to-let landlords and those clients looking for potential investment opportunities overseas.
The exclusive arrangement provides Paradigm members and their clients with access to Forrester Cohen’s expertise in the Australian property investment market. This includes full training plus comprehensive support material focused on arranging finance, legal and accountancy services, tenant sourcing, property management and ongoing portfolio services.
Forrester Cohen will work with Paradigm members and their clients to ensure a safe and secure property purchase in Australia, plus provide ongoing support and expertise to help build the property portfolio.
Unlike in the UK, Forrester Cohen can readily access mortgage finance in Australia with products available up to 80% LTV, plus interest-only options with deals up to 25-year terms, rental income used for affordability and a simplified underwriting process.
Paradigm members will also benefit from attractive commission rates with an average commission amount of £5k for each property purchase.
John Coffield, Head of Paradigm Mortgage Services, commented: “We are delighted to have teamed up with Forrester Cohen to offer Paradigm members and their clients access to the property market in Australia. The buy-to-let market in the UK is suffering at present, with access to mortgage funding at an all-time low, meaning serious investors are unable to add to their portfolios as in the past. However, the Australian property market is particularly attractive for investors with a number of key drivers making it the market to watch despite a slowing economy. These underlying drivers include a current housing stock shortage, an active skilled workforce immigration policy, high demand for long-term rental property, 98%-plus occupancy rates, an excellent resale market and strong long-term capital growth.
“Working with Forrester Cohen’s team of experienced professionals, Paradigm members and their clients will benefit from a tailored service ensuring a smooth process from advice on picking the right property to a full property management service and ongoing portfolio management. All clients involved, or looking to become active in the buy-to-let market, require two if not three of the following: income, capital growth and an exit strategy. By working with Forrester Cohen advisers can now access the opportunities within the Australian property market which provide all three. Plus there are significant rewards for advisers offering this particular service to their clients; we would urge all members to review the full details of the service at the Paradigm Mortgage Services website.”
Tracey Hegarty, Business Development Director of Forrester Cohen, said: “With more clients seeking alternative products to help support future wealth, property will always be a credible option. The days of quick profits from property for the majority have long gone, and property should be viewed as a medium to long-term investment. Property, used correctly, offers excellent wealth creation potential.
“The Forrester Cohen proposition is based on purchasing Australian residential property, where the market enjoys excellent occupancy rates, high yields and offers a buoyant resale market, with genuine opportunities for portfolio building. All of the professional services needed to purchase in Australia and maintain property in the future are in place, a true turnkey service, with support from our offices in the UK and Sydney.
“Paradigm offers a very professional service; Forrester Cohen welcomes the opportunity of working with them and helping their members maximise this excellent business opportunity.”
For full information on Paradigm’s opportunity with Forrester Cohen, please visit: www.paradigmortgages.com and click on the ‘BTL Special’ tab.
