FAQ's

What is ‘Off Plan’?

Buying 'Off Plan' is buying a property that hasn't been built yet or is yet to be completed. You will not be able to see the finished property before committing to buy; however, you will be able to view plans, artist’s impressions, or 3D graphical representations of the development.

What fees are involved? After reserving your property, there is no fee payable to Off Plan Property World. The only fees will be due for solicitor or other professional services employed to assist with your purchase. Other fees payable include the deposit, payable to the developer and taxes etc. associated with purchasing property.

What is the process to reserve a property?

Once you’ve made your choice and want to reserve a property, we simply ask for you to send us your reservation fee and signed reservation form. Once we receive this we will take your property off the market and start the formal purchase process.

Do you need a substantial amount of money to invest?

No, not necessarily. Many investors have structured a deal with very little money down, with deposits from as little as 10% of the property value, which can be as little as £5,000 on some of the properties we sell.

Do I need to spend a lot of time investing in property?

You can invest without changing your day-to-day routine at all. Off Plan Property World carry out the necessary research to ensure we provide quality investment opportunities. As we aid you through the process, you can speak to us over the telephone and you can view the developments over the web. We provide the legal and financial experts, leaving you to just sign the paperwork. By working with us, we will instil confidence and build a long-standing relationship.

How many properties can I purchase through Off Plan Property World? There is no limit to the number of properties you can purchase. You can acquire as little or as many as you want as long as it suits your strategy. We have many clients who are building a portfolio and sometimes acquire more than one property per development.

Which is better, ‘buy to let’ or buy to sell’?

The choice is entirely yours.
Buy to Let – The most common investment strategy for off plan purchasers. On completion the property is rented to cover the cost of its mortgage. The investor receives the benefit of the property’s capital growth but has someone else funding his or her mortgage. Experience has shown that many investors build a portfolio of properties to let, thereby benefiting from growth on the total property value. This compound interest means that if a property value grows at just 5% per annum, it will double in value in approx. 14 years.

Buy to Sell – In this scenario the investor acquires the off plan unit and sells it shortly before the build is finished. They do not complete on the deal but in this case take advantage of the capital appreciation over the period of construction.

Would you manage my property on completion?

As part of our due diligence, we research the rental market and speak to various letting agents. We do not perform property management functions ourselves, but we are able to recommend many professional local and international letting agents who can manage your property for you. Many of our developers also offer a property management service with guaranteed incomes.

Do you offer financial investment advice?

We are not legally qualified to offer financial investment advice. Off Plan Property World only offers current property opportunities, which we have extensively researched and approved. We prefer to work with legal and financial experts who would be happy to assist you.

Can I choose my own solicitor?

Yes you can, but we always recommend the services of the Overseas Property Law Centre based in London. This firm can conveyance all sales from the UK, meaning you don’t have to sign away power of attorney and can feel safer in any purchase through them.

Do I need to be approved for a mortgage before purchasing an off plan property? For developments with build times of less than 6 months, we would recommend that you obtain an approval in principle. With a build time in excess of 6 months, it is not necessary at this stage. You can discuss your requirement with one of our mortgage brokers.

Can I choose my own mortgage broker?

Yes you can, but we always recommend the services of one of the many companies we work with around the world. They have access to the leading products for buying off plan and can save you time, hassle and money when making overseas mortgage decisions.