Overs over £70k
Home Report Market Value £72k
Purchase Price £69k
Deposit: £17,250 25%
Refurb Costs £12,000
Stamp Duty: £2,760
Sourcing Fee: £3000
Total Capital Employed: £35,810
Total Deal cost = £87,560
New Valuation: £100,000
RE Mortgage Release @ 75%LTV – £75, 000
Minus Old Mortgage £51,750
Capital Employed £35810 – £23,250
= £12,560 left in the deal
3 Bed Flat Glasgow £60-80 per night
‘I was looking to kick off my property development and interior design company, but I was nervous entering the market and still had my full-time job so struggled for time. I felt I needed a property sourcing company that I could trust and Reip UK came highly recommended.
I met with Fraser and Chris who took the time to discuss my specification and opportunities in the property market which was really insightful. I also felt I was in good hands as they had all the correct accreditations for deal sourcing, so it was clear they were a very professional organisation which put my mind at rest.
Throughout the process I was kept up to date regularly and when they sourced my first property it was perfect, exactly what I was looking for and the price they negotiated on my behalf ensured it was a solid investment, the support really was outstanding. Reip UK clearly really care about helping their clients obtain sound investments and building solid working relationships for the future. I would highly recommend them and look forward to working with them again in the near future’.
Suzanne from Urban Dweller Ltd