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Found 6 results

  1. Guest

    Offer Letter

    Hello Hubbers, Exciting times, finally done the research got a property shortlist (always expanding though), booked the viewings and expect to start making offers next week. Does anyone have any advice on the actual offer process? My line of thought is make it official and submit a letter rather than only verbal or a simple email. I have written up a template but some further tips/advice would be much appreciated. Stay safe Regards Chris
  2. Hi All,I'm just after a bit of advice really. My partner and I had reserved a new build prior to COVID using the HTB scheme and had a mortgage offer ready to go for exchange but the pandemic struck. The build was then stopped and completion window moved from initially Aug-Sep 20 to Jan-Feb 21. Unfortunately my partner has been furloughed and this mortgage offer has since expired. We therefore haven't exchanged and will be unable to do so without a mortgage offer. We are trying to arrange for another mortgage offer but despite being way under the possible affordability threshold of our mortgage
  3. Hi all! I've just finished listening to the recent podcast on how to put an offer forward when a question hit me that I guess I've been subconsciously curious about for a while. What are the correct things to do before or after putting in an offer. For example here is my way of thinking about it: Step 1 - Find a mortgage provider, figure out how much I would be able to borrow compared to how much I'd like to spend Step 2 - Find potential investments Step 3 - Crunch the estimated number Step 4 - Set up viewings for these properties (let's say I have found 5 pot
  4. Hi all, Looking for advice from people with experience in making BMV offers for flipping as this will be the purpose of my first project. What I'm really trying to determine here is a realistic conservative value for the below property example. Until I come to a clue I can't begin coming up with an offer price and sourcing potential finance options. Any opinions or just general advice to make the determining value process easier will all be welcome and greatly appreciated. About the property: Located in the town I grew up, on a street within two minute walk
  5. Hi, Im guessing this is going to be a difficult one for people to answer, given the variables involved, but I thought I'd givebina go. I'm looking to secure my first BTL property and have found one that seems to stack up. The property is listed for £125k, and has been on the market since August. It had an offer accepted but fell through due to lack of funds in October, and by all accounts has been quiet with regards interest over the Xmas / new year period. The vendor is an owner occupier that moved out just over a year ago, becoming an accide
  6. Hi All I put in an offer in a terraced house in Plaistow, London for £346K. This was accepted by the seller. The survey has been done by the mortgage company who estimate the cost of the property to be only £330K. What can I do about this lower value? I would obviously prefer to pay the lower value. Can the seller insist that I pay what I offered? thanks in advance
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