Few people can afford d’buy a property in Britain without resorting to a bank loan. In the installation folder of finance, banking institutions usually ask for a personal contribution, corresponding to an average of 30 % of the amount of the transaction.
That said, some banks will accept contributions less for the estate, and even accept the need to fully fund the purchase. If you do not have sufficient savings, here are 4 tips to help you to get a loan.
Regardless of the nature of the contribution
This is an important point to be aware of for anyone who wants to invest in real estate. The input can come from a gift, a family, a legacy...
Because of this, if you do not have the amount requested by the property requested, he should not hesitate to speak to your friends and family to help you with the build. And why not consider the constitution of a SCI to invest in real estate?
Have a banking situation optimal
When you go you go to a bank to get funding and buy a property, it is preferable to submit the accounts that will provide confidence over a long period, even if you only have a little bit of income : the absence of overdraft, credit révolving, capacity savings proved to be, even if it is a small sum of money. You must show your ability to manage.
A folder that holds the road
Present your project to the bank in the most objective way possible, showing the advantages and disadvantages of the operation of real estate purchase.
As in the work, it is better to be prepared, having considered all of the possibilities to defend the correct folder, especially if you do not meet all the required conditions.
Make the competition
Remember that the banks are in competition, and they seek to attract customers. Although your financial situation is not optimal to purchase real estate, this competition is an asset to you.
To save time, you can contact a broker's bank who will present your case to different financial institutions, and will explain to you clearly the offers will be made.
You plan to invest in real estate ? BPS real Estate offers you many opportunities.
