Ready Made Deal: Durham, DH1, 3 Bed End terrace, £2,000 Cash Back,

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Ready Made Deal: Durham, DH1, 3 Bed End terrace, £2,000 Cash Back, 33% BMV, Ref: RMD521

All negotiation has been carried out and the purchase price is agreed.

Location: Durham, DH1

Property Details: 3 Bed End terrace
Tenure: Freehold
Vendor Situation: Repossession
Rent-Back: Yes

Market Value: £134,000
Purchase Price: £90,000
BMV Discount: 33%
Rental Value: £625
Instant Equity: £44,000

Deal Summary:A cash back property with a built in tenant
Finderís Fee: £11,000

Reservation Fee: £100 (Deducted From Finder's Fee)
Packaging Fee: £550
Finance fee: £1,000
Stamp duty: £1,340
Legal Fees: £1,000
Total Investment: £2,000 Cash Back

A mortgage of £107,000 is available at a Fixed rate of 6.99% with monthly payments of £630

To buy this deal, follow this 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 PJT finance Ltd, their directors, affiliates, officers, employees, agents, contractors, successors and assigns (herein "RPB & PJT") 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 & PJT do not constitute financial, investment or tax advice and should not be taken as such. RPB & PJT 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 & PJT promote products and services specifically designed for use in the United Kingdom only. RPB & PJT are unable to confirm the Vendor's personal or financial circumstances, or their ability to enter into a property sale. It is the purchaser's responsibility to confirm that the vendor is solvent. The purchaser enters any BMV transaction at his own risk of claims from insolvency practitioners.

30/05/2008 00:00

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