30% bmv, only £622 cash in!

Hi,
We have a new 30% BMV property in;

160 Muirfoot road
Rigside
Lanark

3 bed semi ex-la house

Value £78,000
Price £54,600

Costs;

£54,600
Deposit lending £1199
Finders fee £2000
Broker £399
Solicitor £725
Survey £199
Total £59,122

Mortgage advance £58,500

Therefore only £622 cash into the deal

Finders fee and survey fee required up front to reserve

Mortgage £253.01 (bm solutions) (£58,500 @ 5.19%)

Rent £520pcm

If you fancy a deal on this property, i might bargain a bit on the finders fee!!

Regards,

Richard