BMV Property (Below Market Value) at onestopview.com

BMV Property (Below Market Value)

October 23rd, 2008

We are seeing more and more reference to the phrase BMV (Below market value) property in the media of recent. Below market value property is usually upto 60% off the current value and usually is a prime target for investers.

At present, investers will not touch anything above 15% BMV and are usually successfully completing purchases at around 30-40% BMV. This obvviously means a lesser deposit need and a perfect way to release equity within a property, even in todays turbulant times. Lets not forget, that banks lend out easier to investers and property developers for they see them as a lesser risk to their loans. You can quite easily find a 100% mortgage if your are buying BMV and are looking to buy to let.

In todays diving market, any invester will tell you, it’s Buy, Buy, Buy and Buy again. The credit crunch is taking it’s toll on many property owners and the auction houses are becoming flooded with repossessed property etc. Starting your own buy to let empire couldn’t be any easier, so long as you stick to BMV property.

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