Looking for a property can be a really long and tiring process, and it might end with no results. We tried to make the job easier for you and gathered here the best three UK websites to find investment property in negative equity.
When a house or flat has negative equity, it means that it’s less valuable than the mortgage the owner took out on it. If you have negative equity, it may be difficult to sell or refinance the home. This is caused by falling property prices. It is estimated that about 500,000 houses in the UK are in negative equity, however certain regions are more impacted than others.
Pros and cons of negative equity mortgages
- You can move without having to pay off your mortgage’s negative equity. This is especially beneficial if you need to relocate for job or family reasons and can’t put it off any longer.
- You may be required to pay early repayment penalties on your existing mortgage.
- There might be additional fees and penalties, and your new mortgage could have a higher interest rate than your current one.
- They are available from only a few lenders.
With that being said, here we present to you the best UK websites to find investment property in negative equity:
DealSourcing is a real estate sourcing platform that will provide you with the greatest alternatives for making an informed investing decision.
The program can recognize assets from all across the internet and categorize them based on ROI thanks to algorithms and automation. As a result, you’ll save time, money, and effort. Furthermore, the engine assesses the return on investment for each Rightmove property and discovers undervalued assets for sale, saving buyers hours of research time.
DealSourcing can also be used to mitigate the effects of automation. You may search over 200,000+ Below Market Value transactions (Buy-To-Let, HMOs, and BRRR) with ROIs of greater over 15% with the click of a mouse. You can rapidly find high-yield properties by using these basic and easy-to-use tools.
They examined data from over 500,000 homes in England, Scotland, and Wales. Their primary objective is to determine which postcodes provide the best buy-to-let returns. A property is said to be in negative equity if its value is less than its mortgage. They help you find such savings based on your location.
Rightmove is the largest property marketplace in the United Kingdom, with over 800,000 properties for sale at any given time. In addition, they have rental properties available.
They also provide a huge library of information and articles that can help you with concerns about mortgages, finance, buying/selling a home, and other topics.
Rightmove Market Trends uses a comprehensive set of UK property data to give you with information about market activity in your region, as well as how it has evolved over time in different locations.
You may also research on the move whenever it is most convenient for you by downloading their free mobile app on Apple or Android.
With a Rentify subscription, you may improve your credit score with each payment while also consolidating all of your home obligations into one easy, hassle-free payment system.
The benefits for landlords come from Rentify covering many of the expenditures that they would otherwise have to bear. Rentify will pay if a property is left unoccupied or if a tenant fails to pay rent. They also deal with property concerns and necessary upkeep.