Members Area info@reipuk.com 0800 2465 274
info@reipuk.com 0800 2465 274 Members Area

Glasgow G52 

Overs over £70k 

Home Report Market Value £72k 

Purchase Price £69k

Deposit: £17,250 25%

Refurb Costs   £12,000 

 Stamp Duty: £2,760  

 Legals: £800 

 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

= £23,250

Capital Employed £35810 – £23,250

= £12,560 left in the deal

 Service Accommodation 

3 Bed Flat Glasgow £60-80 per night 

Testimonial 

‘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’.

Thanks

Suzanne from Urban Dweller Ltd