The UK's independent property information site
|
|
||
|
The UK's independent property information site
|
||
|
|||||||||
| Buying Property Discussions about buying a house, such as flats, detached homes, and other housing. |
 |
|
|
LinkBack | Thread Tools |
31-03-2011, 10:44 PM
|
|||
|
|||
Investment Opportunity
To try and cut a long story short I bought a property at an Andrews and Robertson
auction for £174,000, putting down a deposit of £17,400. It is a 3-bed end of terrace house located in South Norwood London, SE25 4LZ. Its on a quiet road, beside South Norwood Country Park, with great transport links (South Norwood Station is 12 mins from London Bridge). It's got a 3 meter space at the side on which an extension could be built. I didn't forsee and problems getting a mortgage as I have savings of £55,000+. However, my credit report came up blank so I could only get a residential mortgage, and not a buy to let. The bank valuation was largely favourable but with time running out I was declined for the mortgage because the property doesn't have a kitchen or bathroom (I planned to install a new kitchen and bathroom, along with other work as needed - I'm a builder - and rent out the property, and sell in a few years). As things stand I will lose the deposit plus other penalties if I don't come up with the money. Therefore,I'm looking for someone to come up with the outstanding balance of approx £120,000, with ownership and future profits to be split up accordingly. |
|
09-08-2011, 06:15 PM
|
|||
|
|||
|
Re: Investment Opportunity
hopefully the interest rates will not rise
|
|
10-08-2011, 04:40 PM
|
||||
|
||||
|
Re: Investment Opportunity
Yes. that would be bad.
|
|
16-08-2011, 06:18 AM
|
|||
|
|||
|
Re: Investment Opportunity
Yes you are right.I am always serious about investing any where.
|
|
16-08-2011, 06:26 AM
|
|||
|
|||
|
Re: Investment Opportunity
Yes you are right.I am always serious about investing any where.
|
|
26-08-2011, 07:00 PM
|
||||
|
||||
|
Re: Investment Opportunity
Im not sure i understand what you mean robinstellar. That was your first foray into this thread!
|
|
| Thread Tools | |
|
|
|
|
| » Property Boards |
|
Buying Property
Selling Property
Estate Agents
Solicitors & Legal
Builders & Developments Property Development Home Improvements Buying Property Abroad |
Important Notice: HomeMove.co.uk does not provide professional advice on any aspect of buying, selling, developing or investing property. All posts are provided as lay opinions and not personal professional guidance. You should always seek a qualified professional for professional advice in relation to your personal circumstances. The HomeMove.co.uk forums are not monitored, and the site administrators cannot be held liable for the content of the forum. If you have any objection to any post on the forums, please either use the Report Post feature, or else Contact Us to ensure such content is properly dealt with. We are not responsible for third party links on the site.
