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Hi, I would be very grateful for some experienced advice on an apartment purchase, which has hit a problem at the lenders survey stage. The property was purchased off-plan - terms of the contract were 5% upfront, then remaining 5% upon completion. I am pleased with the build quality, however, i have now hit a snag in that the lender will not lend on the property citing "high risk" and "unsuitable security". In fact, after discussion with my broker, it appears a number of lenders are not willing to lend on the building. I'm trying to locate the exact problem, but
Hi Hubbers, This is probably an obvious question, but I'm going to go ahead and ask anyway... I plan on purchasing a BTL property via a Limited Company early next year. I'm just wondering when it comes to signing agreements/contracts with third parties (e.g. tenancy agreements, insurance agreements, letting agency agreements etc)- would it be myself or the limited company that is named on the paperwork? Really appreciate your help! Thanks, Anthony
Hello Everyone! I have secured a property which is a cash buy and have subsequently got some interest from investors. I offer investors 8-10% on their money for the time that their money is in the deal. For this particular property, the timeframe would be around 8 months as we are buying with cash, refurbishing the property and then we will mortgage it at 75% market value to enable us to pull our money (investors money too) out. My intention is to purchase the property (£60k) with my funds (£40k) as well as the investors funds (£20k), but only my name goes on the title deed. We then se
Many go it alone landlords are starting to use online advertisers to give them access to the internet like Rightmove and Zoopla but may not realise the risks they are taking with the wording of their adverts. These portals do not check the legality of what is said and it can come back to bite the advert maker and cost lots of money in refunds and legally being able to break contracts. Also, writing your own contracts or adding extra terms from a bought, borrowed or plagiarised contract can also land the unwary in trouble and also be unenforceable. I have been shown a few howlers in my time