White & Co Property Solutions Ltd
Date     Year
06/05    2008

Liverpool, Fazakerley L10 - 3 Bed mid terrace- 17.5% to you - divorce, empty house

Owner has gone through divorce, former family home, tidy house, nothing needs doing.  Rentable area.

Ref 079
Photo - Arlo Greetings!

Welcome to the new-look, simplified Done Deals Alert.

You can view previous and current Done Deal Alerts by clicking here:  Archive Homepage

Please visit this site if you have recently joined our subscriber list.

You can receive Done Deal Alerts to your mobile. To sign up to our text message alert service click here:  Text Alerts

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:                                          £ 95,000
Your Price:                                               £ 78,325 (including FF)
Below Market Value By:                           17.5%
Rentals *:                                                    £ 550 pcm

*****

There are other ways of funding the deals to 85% LTV of valuation figure, leaving you with 2.5% towards your professional fees.

*****
   
Total BMV to you after Finder's Fee: 17.5%. 

You will need to reimburse for the survey, and cover both sets of legal fees.  Other cost would include broker fees and bridging costs.

Around £2,500 cashback for fees.

             
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 bed mid terrace, attractive property, fully modernised, GCH and double glazing.

It is in the area of Fazakerley to the northeast of the city.  L10 is a popular area for rental.  It is on Elizabeth rd (see map here)

The vendor is going through a divorce.  Neither party wants to remain at property, so it is currently vacant.  Both parties have a greed to the sale.  It is in good enough order to let, and could achieve around 550pcm.  Its a popular area for rentals and there would be little problem finding decent tenants.

Please note your interest ASAP.




Finally


Past and Current Deal Archive:

Archive

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.      

Terms and Conditions Page
 
Contact Information
Mobile:  07792 843389 		Join our mailing list!