Ready Made Deal

Batley Road, Heckmondwike, Huddersfield Yorkshire WF16 9

Your Deposit Paid - No Need for Bridging Finance

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A good 2 bedroom ground floor flat in ready-to-rent condition. Excellent opportunity to acquire an investment property with none of your money down.

Your deposit is paid by us. Which means that you do not require bridging finance to complete the deal (a huge saving). This also means that the property will be shown as being purchased at full market price (95k) and you will NOT be liable for Capital Gains Tax (CGT) upto 95k value of the property (another saving).

Investor requires only £1750 to progress this deal. The net cost to acquire this property is Nil.

Deal will be offered on First Come First Served basis. To register your interest, please fill in your details at the bottom of this page.

Deal at a Glance  
Property Type

2 Bed Flat

Market Value £95,000
Purchase Price £77,000
Discount 18.9%
Instant Equity £18,000
Investment Type

Buy to Let

Net Cash Back £25


Main Features of the Deal:

  • Property was valued at 95k in August 2007 by a surveyor for remortgage purposes. However we believe that the property may be worth more.
  • Market rent for this ground floor flat is in the region of 450pcm.
  • Target rental market is couples, young families, singles etc.
  • Property has a 99 year lease remaining. Ground rent is only £100pa.
Initial Funds Required to Proceed  
Deal Reservation Fee (a) £1,000
Valuation Fee (b) £350
Legal Fees (c) £400
Initial Requirements (a+b+c) £1,750
Overall Cost of the Deal  
Stamp Duty £0
Mortgage Broker Fee £0
Valuation Fee £350
Buyer Solicitors £475
Legal Disbursements £400
Vendor Solicitors £500
Bridging Fee £0
Bridge Arrangement Fee £0
Deal Fee £2,000
Total Costs £3,725
Cash Back Calculations  
Market Value (a) £95,000
Mortgage Funds 85%LTV (b) £80,750
Purchase Price (c) £77,000
Cash Back at Purchase (d=b-c) £3,750
Minus Purchasing Costs (e) £3,725
Net Cash Back (d-e) £25


 

Your Net Cost to Buy This Property: NONE
(This is a complete package, which includes mortgage, valuation, solicitors etc)

 

Terms and Conditions:

  • If official valuation provided by the surveyor is lower than that stated above then we will refund your valuation fee and reservation fee in full. However due to time constraints and sellers’ wish to complete with minimal delay, we are able to refund these fees only if you decide to withdraw from the purchase within 24 hours of receiving the valuation figure.
  • Except in the case of receiving a lower valuation as stated above, we are unable to refund reservation and other fees paid upfront.
  • Our Deal Fees are payable in full on completion.
  • To cause least disruption to the seller, you may view the property but only after the valuation has been booked.
  • In respect of the costs you will incur that are not determined and administered by us, we have endeavoured to be as accurate as possible.  However these are subject to change at any time and may 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 constitutes or forms part of a contract, with the exception of the stated terms and conditions.
  • BMV Club is not a licensed investment advisor or a licensed estate agent.
  • BMV Club is not authorised by the Financial Services Authority to provide investment or financial advice.
  • In paying the reservation fee you agree to these terms by default.

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To register your interest in this deal, please fill in your details below:

Your Contact Details:
Title
Full Name
Email Address
Phone: Home

Phone: Work

Mobile Phone


Interested In

   

Notes: It will be useful to know a bit about you, e.g. length of experience with property investments, BMV deals, NMD properties (if any) etc. Information is to help us assign this deal to you.


 

Submit

Click the button below to submit details. We will contact investors on First Come First Served basis. It is our policy to treat your details in complete confidence.

 

 

 



 

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    Disclaimer:
    BMV Club, their directors, affiliates, officers, employees, agents, contractors, successors and assigns (herein "BMV Club") 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 BMV Club do not constitute financial, investment or tax advice and should not be taken as such. BMV Club recommends 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. BMV Club promotes products and services specifically designed for use in the United Kingdom only.