I am not sure if you have been following my journey in to the world of property finance but AT LAST I have found a bank that is willing to lend.
The deal is:
25 year repayment
5.1% above base
No minimum valuation
No 6 month rule
I think that is quite amazing! I had another meeting with another bank and told them of this deal and the guy there said he was impressed and would struggle to offer even a loan let alone a better offer.
So now I am on the hunt. I am on the hunt big time. I don’t want to go too mad but it is going to be hard. When you have a bank this size who have said yes you want to get as much as you can before they say NO.
So to everyone out there who sources or buys properties I will buy your properties at 70% of RICS up to a maximum value of £75,000. I buy anything and anywhere in the UK apart from Northern Ireland.
It does not matter if you have owned the property for less than 6 months either! I can also do same day closed bridge so you do not have to worry about the deal falling over. Just reply to this email if you have anything.
Now for those of you who want to earn a living feeding hungry guys like me by finding deals and flipping them over to investors with a credit line then come to my property sourcer course. It is on this Saturday.
I can show you how to find deals, secure deals, package deals and ultimately sell them on for £000s. You never know, you might become my biggest supplier to me and my clients!
Posted on: 16th Aug 2010