Alternative Property Strategies
by Alex Hickman
1. Delayed Completion
1.1. Long term
1.2. Positives
1.2.1. Far more secure as investor because of exchange of contracts
1.2.2. Very flexible
1.2.3. Contract can be traded
1.3. Negatives
1.3.1. Stamp duty payable
2. The labels used will differ in the marketplace
3. Long Term Delayed Completion
4. 10/10 Payment Plan
5. Long Term Instalment Contract
6. Private Mortgage (No Bank Loan)
7. Important Notice - It is not your job to make a transaction legal. It is your job to fit a solution to a sellers problem and let solicitors tell you if it can be done/make it legal. There is a heads of terms attached which can be edited to get the basics noted down to send off to your solicitors.
8. Lease Option
8.1. Short term
8.2. Positives
8.2.1. Very flexible
8.2.2. Transaction can be done very quickly
8.2.3. No stamp duty
8.2.4. Contract can be traded
8.3. Negatives
8.3.1. Not as secure as a delayed completion