lets say you find a property worth 400k through this scheme and agree to buy it in two years but in two years because of some property slump it is only worth 300k, who on earth is going to give you a mortgage for 400k on a property that is only worth 300k?
Yeah - only many foreign property investors do that!Question is, why on Earth would you want to buy a house worth €300k for €400k?
Question is, why on Earth would you want to buy a house worth €300k for €400k? Surely in this situation you would walk away once your rental lease had expired.
Seems to me like the company is banking on capital appreciation, otherwise their business model makes no sense.
Thanks for your replies. I'm thinking that it looks like a really great way to get on the ladder, especially if you know your income is going to increase in the future.
Has anyone out there in AAM land rented/purchased under such a scheme??
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