White & Co Property Solutions Ltd
Date     Year
26/04    2008

Liverpool, Anfield L4 - 3 Bed semi detatched- 17% to you - ill health forces sale

  • Not valued yet
  • Vendor agreed to drop sale price if the valuation lower than expected
  • discount therefore remains the same to you
The owner has been ill for a while. She needs to sell her property to move in with her daughter.

Ref 073
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:                                          £ 140,000
Your Price:                                               £ 116,200 (including FF)
Below Market Value By:                           17%
Rentals *:                                                    £ 600 - 650 pcm

*****

This property can be valued on a multilet room basis, there will be no problems it stacking . With are new finance  you can choose a lender across the whole board.


There are other ways of funding the deals to 85% LTV of valuation figure, leaving you with 2% towards your professional fees.

*****
   
Total BMV to you after Finder's Fee: 17%. 

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 £2,800 cashback which will help towards fees. This means you will need to budget around £1,000 to purchase this 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

3 bedroom semi detached property. This property is ready for occupation right away.  New kitchen, bathroom,lounge and dining room recently decorated.  GCH,DG,Front and back gardens, driveway. 

This property is in the L4 part of Liverpool. The area has undergone major regeneration and is still being regenerated. Liverpool FC are building there new stadium in this area, and this has consequently brought a lot of outside investment. The property is located by schools and shopping facilities also major transport links taking you into and out of the city.

The area has a high rental demand. Once the market settles, house prices are going to rise a lot quicker here, than other parts of the city due, to the investment LFC are bringing to the surrounding area, and the Government subsidies earmarked for the zone.


WHY BELOW MARKET VALUE?

The owner is selling the property due to ill health. She needs to have  someone take care of her at all times, so she has to move  in with her daughter.

Please note your interest ASAP.




Finally


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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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