UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next
Author: blondrach Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 40103  
Subject: Mortgage for a Property with a CPO/Section 20 Date: 22/06/2007 15:34
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I possibly put this on the wrong discussion board initially..

Does anyone know of a lender who'll lend on a London BTL property with a Compulsory Purchase Order on it?

Selling price way below market value for a comparable property.
Rental yield based on sales price about 12%. (and well above 130% of monthly mortgage)

The building may or may not be pulled down in 10-15 years time. (we all know what local councils are like!)

Many thanks in anticipation...
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next

Announcements

Free Investing Reports
Download these free Motley Fool reports today.
Information on the 'Heartbleed' bug
So what is 'Heartbleed'? And what should you do?