How would you like to get paid £1,432 to buy a BMV property?

 A 36% Below Market Value Deal + …
Get £1,432 Cash Back On Completion!!

 
We have a property in Darvel, East Ayrshire that is available for just £35,000, which is valued at £55,000.

 
The property is a 1 bed sandstone flat on the first floor, which benefits from full double glazing and gas central heating. 

A mortgage can be raised at 75% Ltv, valuation is at £55,000 with a 75% LTV mortgage of £41,250 will be available.

Purchase Price £35,000

Finders fee £2,000

Valuation £199 

Legals £725

Broker fee £399
Total purchase costs = £4,818
 
Purchase price             £35,000
+ Total purchase costs £4,818

= Total cash in             £39,818

 
Mortgage advance of  £41,250
- Total cash in             £39,818
= Cash back of            £1,432
 
Recent sales evidence;
25a East Donnington St £55,000 on 23/10/09
5 East Donnington St £66,000 on 20/08/09
10 Randolcoup Rd £55,000 on 15/01/09 
 
Mortgage £161.56 (bases on BMS 4.7% tracker)
Rent £375pcm (based on Lha rate)
Monthly profit £213.44

 

For more info call me on 01776 728001 or reply to this e-mail.

 
 
The first person to pay the finders fee will get the deal. 

Regards,
 
Richard

December 8th, 2009 in Property