‘No Money In’ ~ Case Study in Norfolk
PROPERTY PURCHASE SECURED
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3 bedroomed Semi Detached ex-local authority property.
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Requiring modernisation.
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Norwich – near the UEA.
CLIENT REQUIREMENTS
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VALUE – £200,000 RICS VALUATION
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37% BELOW MARKET VALUE
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QUICK PURCHASE – £125,000 PURCHASE PRICE
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LOAN – £125,000
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12 MONTH TERM
USE YOUR DISCOUNT AS YOUR DEPOSIT
This deal was complicated by the fact that the client had no deposit monies …..