Our developer guarantees investors:

• 70% loan to value mortgage on completion.
• Two year 10% rental guarantee followed by 50% net room rate share or ten years 10% rental guarantee.

Purchasing off-plan means you pay a lower price for your property than it will be valued at completion.

There will be several price rises during the build period which means you will see the value of your property increase over time.

You can sell your property at any time after exchange of contracts.

How to finance your investment property

Usually £1000 non-refundable reservation fee* required for reservation of a specific property – you must pay the 30% deposit within 45 days of making your reservation.

• 30% deposit i.e. 30% of the purchase price.
• When the property is completed the developer will provide a 70% guaranteed mortgage i.e. 70% of the value of your property at completion.
• 100% finance** is available
  
  
  All you pay is £1,000 reservation fee** – nothing else to pay until completion because we pay your monthly interest payment on the 30% deposit
  
  
  *All options for finance available will be explored, i.e. unsecured, secured, mortgage or re-mortgage. The Developer does not guarantee which method of lending will be offered. If we are able to obtain finance, from whatever means as previously mentioned, and the client refuses this for whatever reason, or decides not to proceed, the reservation fee is non-refundable. If a client arranges their own finance and is unsuccessful, the developer then reserves the right to try and obtain finance through their own contacts. In all instances, if we are unable to obtain finance the reservation fee will be refundable.
  
  
  **Subject to status. Terms & conditions apply.

How to fund a deposit

Investment with benefits

Listed below are different ways of funding the property deposit. After Selecting the resort and property type:

In most cases a non-refundable £1,000 is required to reserve the property. A contract is issued with 45 days to sign and return along with a 30% deposit (minus the reservation fee)

1. Cash from personal funds

This could be a personal purchase and therefore would allow you 30 days personal use of the property. There is an option to receive 6% interest on the deposit. This amount would then be added to the amount outstanding at completion. The concept is that this will replace any loss to you during the build period and will then be deducted from the equity at the other end.

2. Secured or Unsecured Loan

As above however the loan amount can be covered by the developer. If you take out a loan to create the deposit you would have the option to have the repayments paid by the developer up to the completion point. The money is paid into your bank account 3 working days before the loan payment is due out. We have been working this system for over 18 months without any issues.

3. Paid Up Pensions

You are able to transfer pension funds and establish a SIPP. The SIPP is then able to make a deposit for the selected property and attract the capital growth and income that this investment offers.
Should there not be enough in the transfer to make the 30% deposit you can make a contribution to the SIPP and attract the usual tax benefits.
If the client raises the additional contribution through a loan this would not be covered by the developer as it is the SIPP that has the contract and not the individual.

4. Existing SIPPS

You can invest money from an existing SIPP in to this project assuming the Trustee allows it. Otherwise a new or second SIPP would need to be established. Our Pension Trustees can take over existing SIPPS at reduced fees.

Luxe Property will guide you through the whole process giving you peace of mind.

100% Finance – Example

If you raise a loan to fund the 30% for your deposit, the developer will make the interest payments for this amount on your behalf. See the example below:


30% deposit required (less £1000 reservation fee) 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 upon completion.
Example (£): Property price £200,000. £1000 reservation fee paid. The deposit = £200,000 x 30% = £60,000 - £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.



Due to the significantly discounted off-plan contract price and the capital appreciation during the construction phase, it is anticipated that the £200,000 purchase price will have grown to a property value at completion of circa £325,000

At this point a 70% loan to value guaranteed mortgage is available and therefore you will be able to borrow up to £227,500. This is clearly ample to pay for the £199,000 (purchase price less £1000 reservation fee) that you owe as well as the accrued interest of £7,080 - from the above example.


Assuming you borrowed the maximum loan to value mortgage, available from the example above, you would borrow £227,500 on which the annual interest payment would be £18,200 based on a rate of 8%. The rental guarantee of 10% of your purchase price of £200,000 will generate you an income of £20,000 each year, should cover your mortgage payments. If you wish you could retain the £59,000 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.


*Subject to status. Terms & conditions apply.

Funding your Investment with a SIPP

You can now use your pension funds to invest in a Luxe Caribbean and Cape Verde Property using a SIPP.


A Self Invested Personal Pension, known as a SIPP, is a personal pension for which the person investing for retirement decides what their pension fund is invested in. Traditionally pensions are managed by a pension fund manager who may invest in volatile stocks and shares or boring old cash and the investor has no control or influence on this decision.


Any type of pension can be transferred into a SIPP, for instance many people have several 'frozen' pensions from previous employment or businesses and/or personal pensions that they can transfer. This is a complex area and it does need professional advice. Our developer has teamed up with one of the UK’s leading independent wealth management companies which specialises in pensions and investments. They will carry out an initial review completely free of charge for potential investors to assess whether their existing pension plans may be transferred into a SIPP.


If an investor already has a SIPP, or once the SIPP has been set up, the investor selects the property they wish the SIPP Trustees to invest in. It is also possible to increase the amount of funds available in a SIPP by borrowing up to a further 50% of its value. For example if a SIPP has funds of £200,000, it can borrow another £100,000 making available £300,000 to invest.


An investor using a SIPP can make further contributions ongoing into their SIPP and is entitled to full tax relief which means that if a 40% tax payer paid in £100,000 it could only cost him £60,000.
For further details please contact Luxe Property on 01603 251764 and we will be happy to introduce you to an independent pension specialist.

Own a share in the holiday home of your dreams for as little as £25,000 forever!

Enjoy a 5 Star lifestyle when you want it - the best of everything at a fraction of the cost. Invest in a sixteenth share of a fully furnished luxury property at the 5 Star Buccament Bay Beach Resort in St Vincent & The Grenadines.

• 1 Bedroom Cabanas £25,000
• 2 Bedroom Plantation Houses £45,000
• 3 Bedroom Plantation Houses £55,000
• 4 Bedroom Plantation Houses £60,000
• 2 Bedroom Suites at Waters Edge £50,000
• 3 Bedroom Penthouse Suites at Waters Edge £90,000

Finance options:

• 100% finance available.
• £1,000 reservation fee, nothing else to pay until completion.
• 70% loan to value mortgage on completion.

What you get:

• A share of the value of the property.
• A share of the freehold.
• A share of the capital growth.
• Three weeks use of the property each year + 1 week in another property in the same or a different resort each year.
• With use of all the amenities at the Luxury 5 Star Buccament Bay Beach Resort.

How it works


Each property will be co-owned by a group of friends or investors who each own an equal share in the freehold of the property and will share the ongoing costs as well as the use of the property.


A detailed and legally-binding co-ownership agreement allocates usage rights, costs and responsibilities among the co-owners. For an annual fee the maintenance and bills are taken care of by the hotel management company so the owners are free to relax and enjoy their property.


If the owner chooses to rent out the property rather than use it during their four weeks the hotel management company can also arrange and manage this for an additional fee.


Owners are at liberty to sell their share in the property whenever they want or pass it on when they die in the same way as they would in an entire property, along with its related usage and exchange rights.


Benefits

• More affordable: Each share costs from £25,000 which gives investors who cannot afford to buy, furnish, and manage a property in the Caribbean by themselves the opportunity to enter the property market at a very low cost; it also gives investors access to a property worth a lot more than they may otherwise be able to afford.
• Excellent capital returns: It is estimated that the property will pay for itself in 10 years in saved holiday accommodation costs if the owner uses their four weeks allocation each year e.g. to holiday in a 5 star hotel in the Grenadines will cost £600 per person per week. Add to this the expected capital appreciation on the property and the owner will have gained a significant return on investment in just 5 years.
• Flexibility: Owners have exchange rights with properties at Harlequin Hotels and Resorts in other Caribbean locations.
• Own More Than One Vacation Home: Investors can choose to own a share in several properties in different locations rather than investing in a single property.
• Diversify to Maximize Profit and Minimize Risk: Fractional ownership allows investors to tie up fewer of their financial resources in one entire property freeing funds to be invested in non-real estate assets or in other real estate or both thus spreading exposure and opportunity among different currencies and economies across the globe.

Subject to status. Terms & conditions apply.

Finance option for other investments 

Luxe property will introduce you to qualified specialist for raising finance eg motgages in other locations around the world. So wherever we have properties available, we can walk you through the process.