READY MADE DEAL: RICCALL, YORK - 3 Bed Bungalow - REF 954
INVESTOR OFFERING -
Investment Type: Ready-made deal - All negotiation has been carried out and the purchase price is agreed.
Location: RICCALL, YORK
Property Details: 3 Bedroom Bungalow
Vendor Situation BROKEN CHAIN
Market Value: £312,000
Purchase Price: £249,600
Market Value Discount: 20.0%
INSTANT EQUITY: £62,400
LOUNGE 14'2" x 12'10" (4.32m x 3.91m) KITCHEN 15' x 9'10" (4.57m x 3m) DINING ROOM 9'10" x 9'10" (3m x 3m) SUN ROOM 8' x 8' (2.44m x 2.44m) BEDROOM ONE 12'2" x 11'8" (3.7m x 3.56m) BEDROOM THREE 8'11" x 7'7" (2.72m x 2.31m) BEDROOM TWO 9' x 8'4" (2.74m x 2.54m) SINGLE ATTACHED GARAGE 16'10" x 9'7" (5.13m x 2.92m). Main Features: Front Garden, Rear Garden, Garage. PROPERTY HAS SUN ROOM. VENDOR ADVISES THAT PROPERTY VALUED AT 325K IN DEC' 07 BY SURVEYOR. SIGNED CONDITIONAL EXCHANGE CONTRACT IN PLACE WHICH CAN BE RE-ASSIGNED TO INVESTOR. THE CONTRACT STATES THAT IF THE VALUATION COMES BACK LESS THAN 312K THE BUYER CAN OFFER A LOWER PURCHASE PRICE THAN £249,600 TO THE SELLER AND THE VENDOR HAS RIGHT TO ACCEPT OR REJECT THE LOWER PRICE IN THAT EVENT. IF THE VALUATION IS 312K OR HIGHER THEN THE PURCHASE PRICE OF £249,600 IS BINDING UPON THE SELLER. PROPERTY WAS SOLD AT 325K BUT CHAIN BROKE DOWN.
Based on 6.74% tracker
Monthly payments around: £1,278
Rental Value: £700
Equity in property: £84,500 (minus selling costs)
Cash in at purchase around: £35,500
Finders Fee: £5,000
Cash in figures above include an estimate of all buying costs (see below for details) including finder's fees.
Mortgage product subject to status. Mortgage figures are subject to change without notice and may affect the final figures. Please call for an illustration. Mortgage application fee of £2.808 added to the loan amount (already calculated in the figures above).
Buyers may provide their own finance if preferred.
Cash in or cash back figures may be subject to change dependant on the mortgage available at the time of completion
Reservation Fee: £1,000 (deducted from the final Finder's Fee)
Packaging Fee: £550
Mortgage Broker Fee: £395
Valuation Fee: £480
Legal Fees: £400 (deducted from the final legal bill)
Buyer's Legal Fee: £525 + vat + disbursements
Vendor's Legal Fee: £495 + vat + disbursements
Stamp Duty @ 1%: £2,496
Bridging N/A: £0
Bridging Legal Fee N/A: £0
To purchase this deal, please click on the following link:-
Terms and Conditions:
We will refund your valuation fee and your reservation fee in full if the official valuation figure provided by the mortgage lender is lower than what we have stated. It will be refunded only if you decide to withdraw from the purchase within 24 hours of receiving the valuation figure.
The reservation and packaging fees are non refundable, except in the case of receiving a lower valuation as stated above.
Viewings of the property will only be carried out after the valuation has been booked.
Finders Fees are payable in full on completion.
Costs quoted are for guidance only and may vary. They will also incur VAT where applicable.
We do not accept responsibility for any expenses or losses incurred by you.
The Market Value quoted is provided in good faith and will be confirmed by the lender's valuer.
No information presented in these particulars and/or displayed on Rapid Property Buyers web site constitutes or forms part of a contract, with the exception of the stated terms and conditions.
Rapid Property Buyers is not a licensed investment advisor or a licensed estate agent.
Rapid Property Buyers is not authorised by the Financial Services Authority to provide investment or financial advice.
In paying the reservation fee you agree to these terms.
Disclaimer: Rapid Property Buyers and Homekeys.co.uk Ltd, their directors, affiliates, officers, employees, agents, contractors, successors and assigns (herein "RPB&Homekeys") do not accept any liability for any investment decisions made on the basis of, arising out of, or in any way related to, the use of this information. The information and services provided by RPB&Homekeys do not constitute financial, investment or tax advice and should not be taken as such. RPB&Homekeys urge you to obtain professional advice before proceeding with any investment. Whilst we take reasonable care to ensure that the information we provide is accurate and up to date, we cannot warrant that it is. Cash in or cash back figures may be subject to change dependant on the mortgage available at the time of sale Some products and services may be available at a lower or higher cost than quoted in this communication. If you would like a detailed mortgage illustration, please ask for a referral to one of our independent mortgage brokers. RPB&Homekeys promote products and services specifically designed for use in the United Kingdom only.
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