There are many different situations which can cause a property to be classed as a repossessed/distressed property.
The most obvious reason being that the owners cannot maintain them, due to defaulting on their payments or other financial arrangements, causing the lender, usually the bank, to take action.
Prices for these properties are usually significantly reduced in order to promote a quick sale.
We have access to properties that both banks and developers need to sell quickly and discretely. Whether you are looking to purchase a property for buy-to-let investment, or to turn a profit on the property by selling at a higher price, repossessed/distressed properties provide great investment opportunities.
Furthermore, due to our ability to negotiate bulk deals, the properties you will be buying are heavily discounted from their open market value. Therefore, you don’t have to wait several years for capital growth because you are making instant equity as soon as you own the property.
If you are looking to invest over the long term then earning instant equity in conjunction with strong yields creates the perfect platform from which to build a well balanced portfolio that can be developed over time.
Our Essex based repossessed/distressed properties have a proven discount on actual list price, offering excellent investment opportunities with a rental income and in many cases are already pre-tenanted and include a luxury furniture pack. We have extensive links with receivers, financial institutions, solicitors, banks and auction houses to bring our clients the best deals and discounts available in the market today.