White & Co Property Solutions Ltd
Date     Year
23/04    2008
 		Kirkby, Liverpool L33 - 2 bed end terrace, probate - 16% BMV to you
  • Not valued yet
  • Vendor agreed to drop sale price if the valuation lower than expected
  • discount therefore remains the same to you. 
  • This property is a probate, the family just want rid of the property to enable them to move on with there lives.
Ref 072
Photo - Arlo Greetings!

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Please see the last section of this email for links to further information about this deal, and general terms and conditions.

If you wish to register your interest, or request further information, please email back.  This does not commit you to proceed with the purchase.

Kind Regards
Arlo
The Numbers
by Article Author Property Investment Image





Basic Figures
Market Value:                                          £ 85,000 (already RICS valued)
Your Price:                                               £ 71,400 (including FF)
Below Market Value By:                           16%
Rentals *:                                                    £ somewhere around 475 pcm
                                                                            on a single let basis

*****

This should fit Mortgage Express instant remortgage criteria.  There are other ways of funding the deals to 85% LTV of valuation figure, leaving you with 1% towards your professional fees.

*****
   
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 will get just under £1,000 cashback which will help towards fees.  You will need to budget another £1,500 or so to purchase the property.
             
Upfront Costs                          
  1. Deal Fee (to secure the deal)               £ 500 (subtracted from FF)
  2. Survey                                                          £ 300
  3. 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
  1. '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. 
  2. Both the AP and FF are private and will be revealed only to the investor chosen to proceed with this deal. 
  3. The FF is payable upon completion and comes from your remortgage finance. 

Upon Completion
  1. Broker (variable)
  2. Bridging Finance (if applicable, varies, normally a flat £500)
  3. Finders Fee (any remaining, see above, varies) - minus the Deal Fee which has already been paid to secure the deal
  4. Purchase Solicitor (typically £450+, plus VAT and disbursements)
  5. 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.



The Details

AREA / PROPERTY DESCRIPTION

2 bedroom end terrace, loads of land to the side of the property. This is a tidy little property needing no work, is double glazed, with a modern kitchen and bathroom.  The property is heated by way of storage heaters (which many low income families prefer).

The property is situated in a regeneration zone.  Everton F.C are building there new football stadium in this area, and it is strongly expected to result in a large amount of inward investment into the area.  There is a high rental demand also and rents are usually approaching £500 for this type of property in this area.  The government are also planning a major multi-million pound Tram System linking Kirkby directly to the heart of Liverpool city centre. 

There is a great expectation that Kirkby is going to be one of the previously-neglected Liverpool zones that will transform dramatically over the next decade.


WHY BELOW MARKET VALUE?

The owner has died, the family want to sell the property and move on without further fuss or heartache.

Please note your interest ASAP.




Finally


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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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