Updated: Aug 18
Buying a property involves anticipating a number of "known unknowns". Unkowns include the actual purchase price (as opposed to the asking price), stamp duty, legal fees, surveyor fees, mortgage debt and interest payments. Sometimes these variables conspire to deter Buyers as they feel they can't assess what they can genuinely afford. There is also the worry the Buyer may have overlooked an unforeseen expense in the purchase process.
In order to provide as much visibility as possible and avoid any stress, Ludgrove produces a bespoke Financing Report for each Buyer showing your Financing requirements under various scenarios. This enables our clients to accurately determine the equity required for the purchase as well as the ongoing monthly mortgage payments.
On your instruction, Ludgrove can also assist arranging Finance, saving you any additional hassle. Below is an example Ludgrove Financing Report:
If you'd like to find out more about how we can help you find your ideal property, feel free to get in touch with Ludgrove.
43 Berkeley Square
London W1J 5AP
Tel: 0207 889 2860
Disclaimer: Ludgrove Property Limited is not authorised or regulated by the Financial Conduct Authority (FCA) and we do not provide any financial or investment advice. We recommend that any property investor seeks appropriate professional advice before entering into any contract, and we would also advise that the value of any investment can go down as well as up and that you might not get back what you put in. You may have difficulty selling a property investment at a reasonable price and in some circumstances it might be difficult to sell at any price. We would urge you not to invest unless you have carefully thought about whether you can afford it and whether it is right for you, and if necessary to consult with a professional advisor in accordance with the Financial Services and Markets Act 2000. All information is provided strictly as a guide only, is subject to change without prior notice and does not constitute an offer of investment. This website should not be regarded as an offer or solicitation to conduct investment business, as defined by the Financial Services and Markets Act 2000. Investors who are resident in or citizens of countries other than the United Kingdom may be subject to local restrictions. In particular, no offer or invitation is made to any US persons (being residents of the United States of America or partnerships or corporations organised under the laws of the United States of America or any state, territory or possession thereof), who are excluded from the services offered in this site. The information on this website has been obtained from sources which we believe to be reliable and accurate, but without further investigation this cannot be warranted.