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Investment Opportunity

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  • 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.

  • #2
    Re: Investment Opportunity

    hopefully the interest rates will not rise

    Comment


    • #3
      Re: Investment Opportunity

      Yes. that would be bad.
      Free Guides For First Time Buyers!

      www.FirstTimeBuyerGuru.com

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      • #4
        Re: Investment Opportunity

        Yes you are right.I am always serious about investing any where.

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        • #5
          Re: Investment Opportunity

          Yes you are right.I am always serious about investing any where.

          Comment


          • #6
            Re: Investment Opportunity

            Im not sure i understand what you mean robinstellar. That was your first foray into this thread!
            Free Guides For First Time Buyers!

            www.FirstTimeBuyerGuru.com

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