I have been asked to find buyers for....
Two X 2 Bed semi detached houses (built and ready) in Nether Broughton, Melton Mowbray, Leics.
These have been on the open market for £170,000 and remain unsold..... These will value at £149,950 and we have negotiated a discount of 29% from this value.
Rents should be in excess of £550 and will stack fo mortgage purposes.
These are in an excellent village location and come with all white goods already fitted. Carpets and floor coverings are not included and would need to be funded by the buyer.
70% LTV mortgages are available for this and so it is anticipated that the buyer will need to fund a 1% (£1500) top up to make it stack.
Fees payable will be:
(approx) £1500 top up.
£499 bridge Solution charge.
Buyers side of Legal Fees and Valuation Fee.
Houses are on the site of an Ex Public house and will be leasehold. Therefore a small annual ground rent will be payable to the freeholder although there will be no Service Fee payable as there are no 'public' areas.
