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

Liverpool, Huyton L36 - 3 bed Victorian semi - retirement home - 21% BMV to you

The owners are moving into a retirement home and must sale the property ASAP.  The property is in good order, but needs cosmetic work before relet.

21% BMV

Ref 084
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:                                          £ 150,000
Your Price:                                               £ 118,50 (including FF)
Below Market Value By:                           21%
Rentals *:                                                    £ 625 - 650pcm.  Could get multilet
                                                                           val to make it stack if needed

*****

There are other ways of funding the deals to 85% LTV of valuation figure, leaving you with 6% towards your professional fees.

*****
   
Total BMV to you after Finder's Fee: 21%. 

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 £9,000 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

Popular middle-class location in Huyton, close to local amenities and good primary school. 

The three bed semi has ample carparking, garage, front/back/side garden (well maintained).

Internally - lounge, dining room, morning room, kitchen.  Upstairs - three decent double bedrooms and a modern three piece bathroom with over-bath shower.

It would be possible to get a multilet valuation if this helped the property stack up for mortgage purposes.

The property is a bit dated as can be expected from an elderly couple.  But the property has been well-maintained and is structural fine.  Ideally, the property would need redecorated throughout, new carpets, and laminate downstairs.  Judgement call about the kitchen - you could get away with tarting it up, but ideally for the middle-class renter it might be better to invest in a modern kitchen.

However, all this adds value - and props nearby value around 170-195k (some have additions like conservatories - but shows potential).

Don't foget the large cashback would go a long way towards any work, which I can organise upon completion.

One final plan might be to use our purchase scheme - but get a 'let to buy' purchase mortgage at 90%, for further cashback (£16,500).

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. 

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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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