St Vincent & The Grendines
Beautiful Bay Beach Resort superbly positioned on the Western coast of St Vincent and the Grenadines.
£1,000 reservation fee
100% finance available
Guaranteed mortgage available at completion
Guaranteed Rental income of 10% for 2 years followed by 50/50 room rate share
30 days free use per year
Fully Furnished
By securing a unit before the 1st December 2007 with a £1,000 reservation fee you could earn yourself up to £50,000! These stunning properties are nestled on a beautiful bay positioned on the West Coast of St.Vincent in the Grenadines.
The resort will offer fantastic facilities to include spa treatments, gymnasium, plunge pools, premier concierge services, casino, and many leisure pursuits.
This is an opportunity for you to invest and enjoy an exclusive development which offers you FREE use for 30 days of the year, then sit back as your investment is managed on your behalf.
Properties range from fabulous studio apartments to luxury cabanas and detached plantation houses.
FREE holiday in St Vincent & The Grenadines. Reserve a Cabana, Plantation House or apartment in Waters Edge on this fantastic development before 30th November 2007, and the developer will provide a FREE weekend for two in St. Vincent & The Grenadines for you to experience the beauty of this stunning island and view build progress.
100% Finance Example:
• £1000 ($2000) non-refundable reservation fee required for reservation of a specific property.
• 30% deposit required (less £1000 ($2000)) within 45 days of reservation. Should you choose to borrow the 30% deposit, the developer will pay the loan repayments, including interest, for the 30% deposit until completion of the specific unit you have reserved. These payments will then be added to the purchase price upon completion.
• Example (Sterling): Property price £200,000. £1000 reservation fee paid. The deposit = £200,000 x 30% = £60,000 - £1000 (reservation fee) = £59,000. Interest on £59,000 @ 6% p.a. = £295 per month, paid for 24 months by the developer = £7,080 added to the purchase price upon completion.
• Example (US Dollar): Property price $370,000. $2000 reservation fee paid. The deposit = $370,000 x 30% = $111,000 - $2000 (reservation fee) = $109,000. Interest on $109,000 @ 6% p.a. = $545 per month, paid for 24 months by the developer = $13,080 added to the purchase price upon completion.
Due to the significantly discounted off-plan contract price and the capital appreciation during the construction phase, it is anticipated that the £200,000 ($370,000) purchase price will have grown to a property value at completion of circa £325,000 ($601,250)
At this point a 70% loan to value guaranteed mortgage is available and therefore you will be able to borrow up to £227,500 ($420,875). This is clearly ample to pay for the £199,000 ($368,000) (purchase price less £1000 ($2000) reservation fee) that you owe as well as the accrued interest of £7,080 ($13,080) - from the above example.
Assuming you borrowed the maximum loan to value mortgage, available from the example above, you would borrow £227,500 ($420,875) on which the annual interest payment would be £18,200 ($33,670) based on a rate of 8%. The rental guarantee of 10% of your purchase price of £200,000 ($370,000) will generate you an income of £20,000 ($37,000) each year, should cover your mortgage payments. If you wish you could retain the £59,000 ($109,150) loan you took out for the deposit, pay the interest yourself each month, from completion onwards, and use the money to invest in a further investment property purchase.
Subject to status and conditions apply - please contact us for further information.
If cases where we are unable to obtain finance for you, we will be prepared to refund the £1,000 ($2000) reservation fee.
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