Completed property is traditional, buy-to-let stock whereby the development has already been built and can be lived in immediately. Investing in completed property is a great option for those looking to finance their purchase using a mortgage, or for someone looking for immediate returns.
For investors buying completed property, they have the benefit of being able to view the property they are buying, and in many cases, finance the purchase with a mortgage.
Whilst investors buying completed properties will need to provide funds soon after reservation and exchange of contracts, they have the added benefit of being able to earn rental returns from day one.
Investors buying completed property will need to provide funds in full sooner than an investor buying off-plan. However, they are more likely to be able to secure a buy-to-let mortgage on the property, because lenders are able to better value the property, and assess the potential rental return it could generate.