READY MADE DEAL: Manchester M27 - 3 Bed Semi-Detached House

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READY MADE DEAL: Manchester M27 - 3 Bed Semi-Detached House Cash in 7,000 approx FOR THE DEAL - REF 968


Investment Type: Ready-made deal - All negotiation has been carried out and the purchase price is agreed.

Location: Manchester M27

Property Details: 3 Bedroom Semi-Detached House

Tenure: Freehold

Vendor Situation Moving abroad, disposal of BTL property

Market Value: 113,500

Purchase Price: 96,000

Market Value Discount: 15.4%


Property Details:

3 bed ex-LA semi on a corner plot in a popular residential area. Currently tenanted.

Main Features: Front Garden, Rear Garden. Property currently tenanted by Housing Benefit tenants on an AST, who are hoping to stay.

Mortgage Examples:

For buy-to-let:

85% LTV

Based on 5.39% fixed

Mortgage payments around: 444

Rental Value: 570

Equity in property: 14,600 (minus selling costs)

Cash in at purchase: 7,000 approx

Finders Fee 4,000

Please note:

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 2,412 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.

Upfront costs:

Reservation Fee: 1,000 (deducted from the final Finder's Fee)

Packaging Fee: 550

Mortgage Broker Fee: 395

Valuation Fee: 350

Legal Fees: 400 (deducted from the final legal bill)

Other Fees:

Buyer's Legal Fee: 525 + vat + disbursements

Vendor's Legal Fee: 495 + vat + disbursements

Stamp Duty: 0

Bridging @ 0.75% 720

Bridging Legal Fee: 195 + vat

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 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.

28/01/2008 00:00

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