The new product is designed to offer investors the opportunity to capitalise on the significant investment opportunities available at the present time.
Underbridge Advance can provide up to 100% of the purchase price for a property that is being secured at a discount, for example at an auction or in a distressed sales environment.
Typically designed for properties bought at auctions, executors’ sales, repossessed properties or distressed sales from property clubs or second homeowners, the 100% offer is based on an independently surveyed valuation of the property’s market value and is available for loans of up to £3,000,000.
Gary Booth, CEO of Tiuta said; “This new product is the perfect solution for buyers investing at auction, or perhaps a distressed sale where the property can be purchased below the genuine open market valuation. It provides a real bonus for professional investors, and when one considers the maximum loan size is £3,000,000, this will open up opportunities for the purchase of both substantial properties and those in exclusive locations where previously funding has been difficult. It will also open doors for first time buyers who may be looking to grab a bargain, buying at a discount with a view to remortgaging.”
Brokers can telephone : 0870 777 7205.
