Partner With Me Ltd
Property Finding
Property Details
West Wickham
Location: West Wickham
Price: £670,000
Value:£800,000
Completion Cash or Bridge
Reservation Fee £1,500
Finders Fee £13,300
Bridge Fee £10,200
Flip or Rent
15% Below Market Value
Cash or Bridge
You will own the property from day one. As these properties are repossessions you need to purchase with cash. Alternatively we can provide you with a Private Finance bridging loan where the funds are there within 24-48 hours. This is better than normal bridging as you do not have to go through all the procedures normally associated with regulated bridging.
Remortgage
Once you have purchased the property I can then arrange for you to remortgage out of the cash bridge. The mortgage offer will take about four weeks. We will provide you with a panel solicitor to act for you and the Lender. It is important to note that you will need a Lender that does a day one remortgage.
Flip or Rent
Once you have completed your remortgage you are then free to flip the property i.e sell it for the open market value. This will then give you circa 50k to 70k pre-tax profit depending on the value of the property. Alternatively you can rent the property and receive a good rental yield.