New BMV Property Investors

 

If you are a below market value property investor you are probably financially aware had an interest in property before you started to invest and sourced and bought your first home as soon as you could, probably in the 80’s or 90’s, when property was still affordable for first time buyers.

But what of the new generation of potential bmv property investors, will they even be in a position to buy in their 20’s and 30’s? I was thinking if you are in your late 30’s or 40’s nowadays and don’t own your own home you would no doubt be looked down upon by your peers, indeed it is unusual to find someone considered to be middle classed not to own their own property. We are considered a nation of owner occupiers after all.

If you own a property and have a reasonable sum to invest as well as a clean credit history you can pick up a below market value property for as little as £5,000 down, provided you are a homeowner. This brings me onto the 20 something’s of today, I am hearing more so than ever of children living at home and depending on parents for longer. Not only this grad jobs are harder to come by and credit availability is at an all time low. It’s becoming the norm for the young to put off investing in property and buying their first home.

However, with the next general election fast approaching we could be in for another property price dip as the new government attempts to rectify our dire economic situation. This means some very good bmv property deals could be available and property in general could become more affordable to first time buyers, assuming they can get a mortgage.

Related posts:

  1. Property Investment with Credit Cards
  2. UK BMV Property Market.
  3. BMV Deals – 5 top tips for property investing

 

Discussion

What do you think? Leave a comment. Alternatively, write a post on your own weblog; this blog accepts trackbacks [trackback url].

Leave a Reply