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by Article Author
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Basic Figures
Market Value:
£ 100,000
Your Price:
£ 84,000 (including FF)
Below Market Value
By:
16%
Rentals
*:
£ 500/550 pcm single let. Could
easily get multilet valuation due
to number of bedrooms.
*****
Due to number of bedroooms, would get multilet rental valuations, allowing you to qualify for the 'bridge and instant remortgage' route via Mortgage Express.
*****
Total BMV to you after Finder's Fee: 16%.
You will need to reimburse for the survey, and cover both sets of legal fees. Other cost would include broker fees and bridging costs. You would need to budget somewhere around £1,000 to purchase this property.
You will £1,000 cashback which will help towards fees. This means you will need to budget around £1,100 to purchase this property.
Upfront Costs
- Deal Fee (to secure the deal) £ 500 (subtracted from FF)
- Survey
£ 300
- Search Fees
(solicitor)
£ 300
1 and 2 payable directly to me via PayPal or bank transfer within 24 hours of your acceptance to take on the deal. 3 is payable to the solicitor, unless otherwise stated above.
Finder's Fee
- 'Your Purchase Price' - see above - is calculated by adding the actual Agreed Price (AP - agreed with the vendor) to the Finder's Fee (FF) payable.
- Both the AP and FF are private and will be revealed only to the investor chosen to proceed with this deal.
- The FF is payable upon completion and comes from your remortgage finance.
Upon Completion
- Broker (variable)
- Bridging Finance (if applicable, varies, normally a flat £500)
- Finders Fee (any remaining, see above, varies) - minus the Deal Fee which has already been paid to secure the deal
- Purchase Solicitor (typically £450+, plus VAT and disbursements)
- Vendor's Solicitor (normally a flat £500)
On a typical £100,000 property, all the fees, should come to around £2,000 - £2,500 (excluding the Finder's Fee).
Notes
All mortgages are subject to survey and the purchasers own financial standing. Figures given are for illustrative purposes only.
FINALLY - please remember we can provide you with a 'deal stacker' template (MS Excel - if you do not have Microsoft Office please contact me for an alternative). This spreadsheet will give you a much more comprehensive financial analysis, which also allows you to play with the variables involved, and allows you to compare and contrast different mortgage products.
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AREA / PROPERTY DESCRIPTION
4 bedroom semi-detatched, property needs a little cosmetics nothing
major. Huyton is another part of liverpool which is having major regeneration to
the whole area. Long term investing in this area should give you a good return
on your property.
1.5m from m57.4m from city center. The property is in a high
rental demand area. You could easily achieve £500-£550.00 pcm
WHY BELOW MARKET VALUE?
The owners are
splitting up, so want to sell property
quick and go there seperate ways.
The wife has asked can she
rent the property back.
Please note your interest ASAP.
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Disclaimer:No part of
this email constitutes or forms part of a contract. White & Co is not
a licensed estate agency or licensed investment advisor. White & Co
is not authorised by the Financial Sevices Authority to give investment or
financial advice.
Terms & Conditions:
By replying to this email, or emailing back with the deal / lead reference number, you acknowledge and agree to the terms and conditions should you be chosen to purchase this lead and you then agree to proceed. Please note 'stating an interest' or requesting further information does not commit you to anything.
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