READY MADE DEAL: Houghton-Le-Spring, DH5 - 2 Bed Terrace House NO MONEY DOWN - REF

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READY MADE DEAL: Houghton-Le-Spring, DH5 - 2 Bed Terrace House NO MONEY DOWN - REF 901

INVESTOR OFFERING -

Investment Type: Armchair investment - No Money Down deal. All negotiation has been carried out and the purchase price is agreed.

Location: Houghton-Le-Spring, DH5

Property Details: 2 Bedroom Terrace House
Tenure: Freehold
Vendor Situation Financial - wants to move closer to family and rent

Market Value: 75,000
Purchase Price: 55,000
Market Value Discount: 26.7%
INSTANT EQUITY: 20,000

Property Details:

2 bed mid terrace, Victorian cottage style. Property already has Double Glazing and Central Heating. The property requires a cosmetic refurb estimated at 5,000.

Main Features: Loft Conversion.

Mortgage Examples:

For buy-to-let:
85% LTV
Based on 5.59% fixed
Mortgage payments around: 304
Rental Value: 375
Equity in property: 9,500

Finders Fee: 5,000

Please note:
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. Please call for an illustration. Mortgage application fee of 1,594 added to the loan amount (already calculated in the figures above).
Buyers may provide their own finance if preferred.

Upfront costs:
Reservation Fee: 1,000 (deducted from the final Finder's Fee)
Packaging Fee: 550
Mortgage Broker Fee: 0
Valuation Fee: 260
Legal Fees: 400 (deducted from the final legal bill)

Other Fees:
Buyer's Legal Fee: 525 + vat + disbursements (no sale - no fee policy)
Vendor's Legal Fee: 495 + vat + disbursements (no sale - no fee policy)
Stamp Duty @ 1%: 0
Bridging @ 0.75% 412.50
Bridging Legal Fee: 195 + vat

The deal is a No Money Down deal after all costs excluding any estimated cosmetic refurb. work required.

To purchase this deal, please click on the following link:-

http://www.rapidpropertybuyers.biz/associates.html

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. 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.


29/10/2007 00:00

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