Things to watch out for and possible solution – Mrs Grace Abbot

Motivated Seller 2 – Mrs Grace Abbot

Things to watch out for:-

1. 5 miles from city centre – what is the public transport like?
2. Tie in on mortgage
3. Dogs indicates difficulty in selling and cleaning required.
4. No extra loans, mortgage max = £112,500 @90%
5. Move back with parents suggests relationship split – check ownership of the property in their name only or is it jointly owned.

Did you ask?

1. How similar is your house to the one next door?
2. How quickly do you want to move / need to move?
3. Have you spoken to your bank / an IFA?

Solutions:-

1. IFA may persuade to move to interest only.
2. Lease option could work with the repayment amount deducted from the final purchase price.
3. Straight BMV or traditional discounted purchase