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

Liverpool, Kirkby, Liverpool L33 - divorce - 18.5% BMV to you

Vendor divorcing following husband having affair.  Selling cheap to pay of her ex money owed (although house in her sole name) - she wants rid of her house, memories and husband!

Good condition, large property.

Ref 083
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:                                          £ 105,000
Your Price:                                               £ 85,500 (including FF)
Below Market Value By:                           18.5%
Rentals *:                                                    £ 500 -525pcm

*****

There are other ways of funding the deals to 85% LTV of valuation figure, leaving you with 3.5% towards your professional fees.

*****
   
Total BMV to you after Finder's Fee: 18.5%. 

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

You will £3,750 cashback which will help towards 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

This is a large 4 bed semi-detached property, in good condition.  It is 1950s approx.  Fully double gazed and gas central heated.

There is offroad parking and a large 90foot garden.  Some bedrooms need redecorating due to kids, but apart from that there is little work needed to get this up to lettable standard quickly.

Properties of this type would easily rent for 500-525pcm.  With a single mother with 3+ kids, you could be able to achieve a higher rent on the new housing benefit rules.

Knowsley Council under the new LHA guides, allow up to £173.08 per week which works out at over £700 pcm (not guaranteed to get this, but get a single mum with load of kids, and it may be possible to get above 525pcm).

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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