White & Co Property Solutions Ltd
Date     Year
03/06    2008

Liverpool, Netherton L30 - 4 Bed detached - 24% to you - repossession

Owner is about to be repossessed.  House has great potential, really attractive location, needs minor refurb.

Update - the buyer pulled out for personal reasons.  I need a  quick replacement, no timewasters please.

I am now offering this at 24% BMV.

Figs below changed to reflect that




Ref 080
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:                                          £ 190,000
Your Price:                                               £ 144,400 (including FF)
Below Market Value By:                           24%
Rentals *:                                                    £ 700 pcm single let, but could
                                                                            get multilet valuation to allow
                                                                            rental stacking

*****

There are other ways of funding the deals to 85% LTV of valuation figure, leaving you with 9% towards your professional fees.

*****
   
Total BMV to you after Finder's Fee: 24%. 

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 £17,100 cashback for fees.

             
Upfront Costs                          
  1. Deal Fee (to secure the deal)               £ 500 (subtracted from FF)
  2. Survey                                                          £ 350
  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

4 bed detached, overlooking a village green in Netherton.  Click here for a comparable property that is currently on the market.  This comparable property is same type and size, but has been fully modernised.  The house on offer has the same potential depending on how much money you want to spend on it.

For a location map click here.

The property has a dated but completely serviceable bathroom, downstairs toilet and kitchen, which would benefit from modernisation.  Carpets and magnolio paint would be all thats needed. 

This sort of property would attract good rents due to its great location.  Its on the outskirts and surrounded by great countryside (see photos with the comparable given above) but has easy access to all the main roads.  If done up nicely, rents could exceed 700pcm.

Front and rear gardens.  Rear garden very large.  There is also potential to extend or improve the property in a number of ways.

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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