White & Co Property Solutions Ltd
Date     Year
05/08    2008
 
Liverpool, Norris Green - well kept end terrace - 21% BMV to you

  • Not valued yet
  • Vendor agreed to drop sale price if the valuation lower than expected
  • discount therefore remains the same to you
The vendors are now moving away due to childs special needs school.
 
The house is well kept and would need next to nothing done before relet.  Has added benefit out enclosed back yard, garage, offroad parking, and end of street location.

UPDATE
Now re-offered at 21% BMV, cashback even at 80% LTV mortgage. Stacks for 85%, is possible to get larger cashback on a 90% deal

ref 103
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:                                          £ 95,000
Your Price:                                               £ 75,000 (including FF)
Below Market Value By:                          21%
Rentals *:                                                  £ 525 pcm single let. 

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

You will need to pay survey fees and a deal reservation fee upfront (below), and following successful survey you will need to pay search fees. 

Based on a 90% let-to-buy mortgage - you could get around £10,500 cashback towards fees.

Based on 85% LTV, you will get £5,750 cashback (£95,000 x 0.85, minus your PP £75,000) which will help towards fees. 

Based on 80% LTV, you will get £1000 cashback, and will require a further £2,000 - £2,500 for purchase fees, but will have a better mortgage rate, and £18,000 in equity.  But see below for further finance info.
             
Upfront Costs                          
Deal Fee (to secure the deal)               £ 500 (subtracted from FF)
Survey                                                          £ 350
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
'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. 
Both the AP and FF are private and will be revealed only to the investor chosen to proceed with this deal. 
The FF is payable upon completion and comes from your remortgage finance. 

Upon Completion
Broker (variable)
Bridging Finance (if applicable, varies, normally a flat £500)
Finders Fee (any remaining, see above, varies) - minus the Deal Fee which has already been paid to secure the deal
Purchase Solicitor (typically £450+, plus VAT and disbursements)
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).
 
NB - if you use one of our recommended 'no money down'  purchase methods (allowing you to base your mortgage on the market value and not on the purchase price) - then you should typically factor in aroun £1,500 - £2,000 extra to faciliate this (although you would not then require bridging fees or extra legal fees on a remortgage after completion).

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

 Photos of the property can be viewed by clicking HERE
 
The property is situated in Norris Green.  The area is mixed owner occupied and local authority stock.  Ther eis a strong rental demand within the area and properties let quickly.

Location map HERE

The property itself is well kept and has three decent bedrooms upstairs.  Downstairs is a WC and separate bathroom, kitchen/diner and living room.  The back yard is completely enclosed.  The property also has a medium sized garage, front garden and offroad parking.

The property will achieve a rent of £525pcm easily.
 
WHY BELOW MARKET VALUE?

Vendor needs to move due to sons special needs scholing requirements.  Desperate to move now.

Please note your interest ASAP. 



Finally


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