PP - 135k 180 day value - 200k GDV - 220k. The client wanted to purchase a property at auction, it's inherent value was 200k, it was bought for 135k. So we used our expertise to find a lender who lent on the market value and with a £10k refurb, it's value was projected to be £220k. The Bank was happy to lend on the "market value" based on the expected RICS, as it was considered a below market value deal. The client proceeded to purchase under an SPV (SPECIAL PURPOSE VEHICLE), for tax purposes.

Refurb deal (240k) PP 120k Works 35k GDV 240K Our client successfully executed a strategic property deal, beginning with the acquisition of an asset for £120,000. The project involved a light refurbishment with a £40,000 budget, allocated for a full rewire and reconfiguring the layout of the bedrooms and living room to enhance the property's appeal towards a £240,000 GDV. Process:- The expertise of Always Wright Mortgages Limited was pivotal from the outset; our team secured the initial...

This housing crash will be different from in 2008, Analysts are saying this, and their reasoning is that the banks have a bigger capital requirement than last time, when banks were over-leveraged and lending more than the houses were worth. The thing that Analysts aren't talking about is that these house prices are more than what they were in 2008, and so the mortgage debt that buyers take on has increased since then, in some cases almost double. Moreover, wages have fallen in real terms...