How can I purchase property in the UK without the need of a mortgage and be guaranteed to be accepted?

We are continually asked about mortgage sourcing for expatriates and foreign nationals, i.e. Do I qualify for a mortgage? What deposit do I need? I am based in China, will I get a mortgage? etc, etc….

The answer is often yes but can be time consuming and this does not appeal to all.

So…..

What if there was a way to purchase a UK investment property that guaranteed finance for anyone, required no paperwork, has no qualifying criteria and was available no matter where you are located. 

Would you be interested?

A typical mortgage term is 25 years so quite some time before you own your property outright. 

How about owning outright in as little as seven years?

Still interested?

By following the investment method introduced below, we can achieve the following goals:

Own a brand-new property in the UK built to the highest specifications.

Innovative payment structure; save your deposit monthly – no lump sums if preferred.

NO mortgage required

Fully managed tenant service.

Significant growth opportunity.

Purchasing with NO mortgage – how does it work?

This unique opportunity offers investors to purchase property in the UK without the need of borrowing monies by the way of a mortgage. The developer will assist with the funding and this is guaranteed, not matter where you live or your nationality.

Points of note:

You purchase the property the same as any other residential or investment purchase in the UK with your name on the land registry.

NO mortgage required.

You, the investor, contribute 65% of the purchase price which is built over a 24-month period. The developer, at completion, will fund the remaining 35%. No credit checks or forms to complete.

The rental income paid by the tenant will be paid directly to the developer for 5-7 years to repay the 35%. At the end of this period, the property is now owned outright.

You can expedite the repayment period by paying in further funds at any time without penalty.

Full tenancy sourcing and management provided by the developer.

Legal representation for the purchase is provided.

Step by step guide to invest

Step 1:

Identify a unit that is in accordance with your desired location within the development.

Step 2:

To secure the unit, you pay a reservation deposit of 5%. Please remember this is a deposit and not a fee. This payment forms part of the purchase price. In addition, the purchase price is now locked in, so any growth attained over the build period, is yours.

Step 3:

A 65% deposit is then divided into 24 monthly payments which is paid usually by standing order. It will provide you with a 70% deposit at the end of the 24-month saving period.

Step 4:

30% is then funded INTEREST FREE by the developer and completion will take place at the end of the 24-month period. You are now the legal owner of the property.

Step 5:

Once the property is complete, there is a fully managed tenancy service for you to take advantage of.

Therefore, no issues with having to worry about finding a tenant. It is all done for you!

A truly unique way of investing and for those based abroad and feel it is a struggle to enter the UK market, this is the answer for you.

Interested? Please get in touch at  for more details

A Professional and efficient lettings service

Once your purchase is completed and you are now the proud owner of your investment property, securing a tenant is the now the next stage of the process. Working with our partners in the UK, Thrive will ensure that your property is tenanted swiftly and professionally.

Thereafter, a range of alternative services are available dependent on your requirements. Summarised below are three levels of service although we can combine these allowing for a bespoke offering for our clients.

1. Fully Managed Service

The most comprehensive and hassle-free service. Whatever you or the tenant need, everything is catered for. This is the solution that the majority of our clients select.

What’s included:

• Property marketing in branch and online, including property portals Rightmove and Zoopla
• Tenant referencing
• Tenancy agreements prepared
• Tenancy renewals
• Security deposit held
• Energy performance certificate (EPC)
• Gas safety certificate
• Annual rent assessment review
• Your rent collected
• Monthly statements
• Pursuance of tenant arrears and servicing of appropriate notices
• Debt control and recovery
• Inventory
• Routine property visits
• Tenant checkout

2. Tenant Find

 With our most basic service we find you a tenant and organise the tenancy agreement, leaving you with the day to day running of the property.

What’s included:

• Property marketing
• Tenant referencing
• Tenancy agreements prepared
• Tenancy renewals
• Security deposit held
• Energy performance certificate (EPC)
• Gas safety certificate

3. Rent Collection

We find you a tenant and our designated partner will collect monthly payments on your behalf, leaving you to maintain the property.

What’s included:

• Property marketing in branch and online, including property portals Rightmove and Zoopla
• Tenant referencing
• Tenancy agreements prepared
• Tenancy renewals
• Security deposit held
• Energy performance certificate (EPC)
• Gas safety certificate
• Annual rent assessment review*
• Your rent collected
• Monthly statements
• Pursuance of tenant arrears and servicing of appropriate notices
• Debt control and recovery

Use our monthly calculator to work out your mortgage payments

Thrive is not only committed to assisting you with the sourcing of property; we will also help with the financing for you.

We have strong working relationships with UK brokers for our UK investors whilst overseas based investors can also be catered for via our expatriate and foreign nationals mortgage service.

The UK mortgage scene has seen many changes since the 2008 financial crisis with a focus on responsible lending. Thrive fully supports this and all of our partners offer an ethical lending approach geared to ensure we source the right mortgage product for each investor.

Lenders include HSBC, Bank of China, Natwest, Santander with our lender list continuously expanding.

Try our handy calculator to assess your monthly payments.

You don’t have to be purchasing a property with Thrive to take advantage of our mortgage service, simply register below for more information and we will contact you within 24 hours.

Simply enter the amount, mortgage period and interest rate to find out what it will cost each month.

Our mortgage calculator prepopulates monthly mortgage payments based on present Buy-to-Let mortgage products available. All figures are indicative and for illustrative purposes only.

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Our essential guide before you buy

Detailed below you will find some of the most important areas to consider when purchasing a buy-to-let investment property.

It is vital to seek advice from experts who can assist you across all aspects of the purchase. Thrive and its experienced business partners can help you throughout the process.

What is a buy to let and how does it work?

A buy-to-let is a property purchased with the intention of renting it out to tenants. You can make a hefty profit as an investor of a buy-to-let property, you just need to make sure you plan appropriately and weigh up the income with the costs.

Being a landlord requires a lot of time, planning and money. You don’t want to buy a luxury property that you can’t afford to manage. Equally, you don’t want to throw money at a sub-par investment. You need a thorough understanding of your capacity, aims and finances to ensure that your venture is realistic and aligns with your budget.

Seeking expert advice at the outset is a must.

Rental Yield

Rental yield measures the ongoing return on investment for a property. You should always consider your potential rental yield before purchasing a buy-to-let.

Capital Growth

Capital growth, also known as capital appreciation, is the amount that the property increases or decreases in value over time. This is normally due to changes in the property market or improvements to the property. Working out your potential capital growth can help you decide what work to do on a buy-to-let and when could be the best time for you to sell.

Example:

• You purchase a property for: £200,000
• Its current market value is: £300,000
• The capital growth is: (£300,000 – 20,000) = £100,000

Deposits for buy-to-lets.

A buy-to-let mortgage allows you to borrow a large sum of money to purchase a property that you plan to rent out. They function similarly to a typical residential mortgage; the main differences are that buy-to-let mortgages usually require a bigger deposit and have higher interest rates. A deposit for a buy-to-let is around 25% of the property value. Buy-to-let mortgages can vary greatly and the offers available are subject to many different factors, e.g. how much deposit you can put down, how much you can pay back every month, etc. 

Stamp Duty Land Tax on Buy-to-Let Properties

You pay Stamp Duty Land Tax on properties and land in England and Northern Ireland that cost over a certain amount. Stamp Duty applies to both freehold and leasehold properties, purchased outright or through mortgage financing.

If you purchase a residential property that’s not your main residence, e.g. a second home or a buy-to-let, you pay a 3% surcharge on the standard Stamp Duty rates.

Or head over to our Stamp Duty guide page for more details.

Maintenance Fees

Buy-to-let maintenance costs can sneak up on you. Landlords are responsible for the upkeep of the property, as well as managing the rental income. This can become hectic. You may want to consider hiring a letting agent to manage the property for you, especially if you’re often juggling multiple investments/properties.

Letting agents obviously come with additional costs; they tend to charge a percentage of the rental income plus VAT. Nonetheless, they can seriously reduce some of the day-to-day hassles associated with buy-to-let investments.

Head over to our Lettings page for more details.

In addition, purchasing a new property or an off-plan opportunity, the rigours of maintenance are reduced, and a ten-year building guarantee also should be applied.

Choosing the right investment for you               

It’s easy to let your personal preferences influence the types of property you buy. Why wouldn’t it? You’re buying a home. It’s important to remember you won’t live in your buy-to-let property yourself. Consider what would be beneficial as an investment and who your tenants would be.

Talk to an expert

A reputable investment expert will be able to tell you about the property market across various areas. They can direct you towards suitable properties, give you valuable information about the local rental market and help you narrow down your search. 

Set a Budget

Your budget will often determine the types of properties available to you and their locations. Take some time to work out what you can afford and what you can realistically earn from rental income. This will give you a clearer point of reference for when you research the house prices and rental rates in the areas where you plan to buy.

Check Your Financial Forecast

Make sure you have the financial capacity to pay for any unexpected costs. It’s best practice to budget for periods when the property might be empty, e.g. when you’re in-between tenants. Thinking ahead may force you to alter your plans, but it will give you a more solid place to start from.

Appeal to a Certain Type of Tenant

Think about the type of tenant you want to attract. Families will want to live close to schools, while young professionals will focus on the distance to and from transport hubs. If you want to rent your property to students, consider investing in suitable accommodation and buying properties close to university campuses.

A useful guide to calculate how much stamp duty is payable on your purchase

If you’re buying a home in England or Northern Ireland costing more than £125,000, you’ll have to pay Stamp Duty Land Tax (SDLT) on your purchase. Use this guide to find out about how Stamp Duty works, including Stamp Duty for first-time buyers, rates for second homes and how it is paid.

What is stamp duty?

In England and Northern Ireland you’re liable to pay Stamp Duty when you buy a residential property, or a piece of land, costing more than £125,000 (or more than £40,000 for second homes). This tax applies to both freehold and leasehold properties – whether you’re buying outright or with a mortgage.

If you’re buying a property in Scotland you will pay Land and Buildings Transaction Tax (LBTT) and in Wales Land Transaction Tax (LTT) instead of Stamp Duty.

How much is stamp duty?

There are several rate bands for Stamp Duty.

Buy-to-let and second home Stamp Duty tax bands

Brackets	Standard rate	Buy-to-let/second home rate (1st April 2016)
Up to £125,000	0%	3%
£125,001 – £250,000	2%	5%
£250,001 – £925,000	5%	8%
£925,001 – £1.5m	10%	13%
over £1.5m	12%	15%

The tax is calculated on the part of the property purchase price falling within each band.

For example, if you buy a house for £275,000, the Stamp Duty Land Tax (SDLT) you owe is calculated as follows:

• 0% on the first £125,000 = £0
• 2% on the next £125,000 = £2,500
• 5% on the final £25,000 = £1,250

      Total SDLT = £3,750

Stamp duty Q&A

What if I own a property abroad and buy a second property in the UK?
Property buyers who own and reside in a property abroad i.e. France, but intend to purchase a second property in the UK are eligible to pay the new SDLT rates.  The definition of “main residence” will be based on fact (where you live) rather than subject to election, which differs from other taxes.

Are any types of properties exempt from this tax? 
Yes. Caravans, houseboats, mobile homes and properties under £40,000 are exempt from the higher rate of SDLT. The consultation says, ‘Transactions under £40,000 do not require a tax return to be filed with HMRC and are not subject to the higher rates.’ 

Potential exemptions

Married couples and civil partners

The consultation states that ‘the government will treat married couples and civil partners living together as one unit’. As such, married couples and civil partners who own one property at the end of the day of a transaction will not pay the higher rates of SDLT. However, if either of them owns more than one residential property both may pay the higher rates when purchasing another property.
Couples who are separated will be treated as “separate entities” in terms of property ownership

Purchasing a property for children

The Treasury outlines different structures of property transaction. If parents purchase a property for their children in their name and already own their home, they are eligble to pay higher SDLT as they will own two properties. However, if parents gift money towards a deposit but do not jointly own the property with their child, higher SDLT does not apply.

Multiple purchases

Large-scale investors will be liable for the additional charge. In the consultation document published after the initial announcement in November 2015, there was an indication that investors buying more than 15 units, or who had a portfolio of more than 15 units, could be exempted from the charge, but the Chancellor decided against this.