Repossessed Houses for Sale in Liverpool
Tuna Fish Property has extensive experience in buying repossessed houses in Liverpool, either off-market or through property auctions.
What is a repossessed property?
These properties are repossessed by a lender when the owner defaults on a mortgage or other loan secured on it. Repossessed properties are normally identified in auction catalogues as sold by 'Mortgagee in Possession.'
They can offer great value for a buy-to-let investor looking for a property investment to work from the outset. Generally, banks want to ensure that they do not lose money and are willing to sell a property simply to cover the debt.
This offers an opportunity for the astute investor.
Repossessed Houses for Sale in Liverpool
The repossessed property you target will depend entirely on your strategy and the current state of the UK property market. In a rising market, buying and flipping is a sound and well-proven strategy, whereas, in a falling market, you may have to add value or hold as a medium-term buy-to-let investment property.
In our experience, most buy-to-let investors in Liverpool target repossessed property as a medium to long-term property investment and the key number they look at is rental yield
Rental Yield
Rental yield is simply the rent expressed as a percentage of the property price. To find net yield, you have to deduct costs, such as mortgage payments and agent fees.
Property Sourcing Liverpool
Repossessed houses offer property investors high net yields, much higher than apartments.
If you would like to discuss how to buy repossessed houses in Liverpool, at significant discounts to market value, then please contact us
