The downside of buying off-plan

Property value goes down as well as up, and the risk with off-plan buying is that the property prices will fall in the time between reservation and completion. This could result in raising a 100% mortgage, or a worst case scenario is being in negative equity. Therefore make sure you are aware of what’s happening in the property market during the construction phase.

Inside Track is a property investment education company; it is part of the Inside Track group of associated companies which offers services in sourcing pre-vetted investment property, a full range of landlord and lettings services, and independent financial advice including buy-to-let mortgages and remortgages.