2 year 10% rental guarantee
100% Finance Available!
This is an excellent opportunity to invest in The Palmetto Bay Beach Resort and Hotel with only £1000 ($2000) required. See the example process below:
- £1000 ($2000) non-refundable reservation fee required for reservation of a specific property.
- 30% deposit required (less £100 ($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 on completion.
- Example (Sterling): Property price £200,000. £1000 reservation paid. The deposit = £200,000 x 30% = £60,000 - (minus) £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 - (minus) $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) 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.
We would be delighted to answer any further questions you have regarding this exciting opportunity as well as helping you to make your reservation in the Caribbean.
Subject to status and conditions apply - please contact us for further information.
If we are unable to obtain finance for you, we will be prepared to refund the £1000 ($2000) reservation fee.
* Loan repayments will be covered entirely by the developer until completion.
** Guaranteed Mortgage is not compulsory and EPG representatives will work with you throughout the build to source a cheaper mortgage option upon completion.
