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Case Study
Mr W a computer consultant had £100,000 raised from his current property to spend on buy to let property. He contacted sell and stay who arranged deals on 4 properties in the same town all with 90% mortgages at 6.24%
Property 1 – Purchased for £112,000 12 months rent back at £550 per month, deposit of £11,200
Property 2 – Purchased for £105,000 12 months rent back at £500 per month, deposit of £10,500
Property 3 – Purchased for £125,000 12 months rent back at £550 per month, deposit of £12,500
Property 4 – Purchased for £125,000 12 months rent back at £550 per month, deposit of £12,500
All properties well maintained, fully furnished 3 bed roomed family homes.
Actual cost to Mr W
| Deposits | | £46,700 |
| Mortgage Fees | | £2,000 |
| Legal Fees | | £3,000 |
| Sell and Stay fees | | £10,000 £61,700 |
| 12 months rent paid up front | | £25,200 |
| Total | = | £36,500 |
Work required by Mr W to get acquire the above portfolio : One phone call to sell and stay
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