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Person or persons who do not need a mortgage in order to buy a property and who do not have a property to sell.
Cash buyers of residential or investment properties can speed up the property chain significantly, and oil the cogs of the process.
Cash buyers by their nature do not need to get a mortgage. However, many people that have the financial wherewithall to buy their property outright borrow money to leverage their capital. They may be able to purchase several buy to let properties putting down hefty deporits, instead of tieing up all of their savings in a single property.
Building a property portfolio requires sound financial management and good knowledge of the property and financial market.
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