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 40318  
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.
EU Referendum
Want to discuss the forthcoming referendum on whether the UK should remain in the EU or leave it? There's a board for that.