Hello,

Can anyone advise on this deal?


Property details:


4 Bedroom house in North West London.
Market Value £330,000 (RICS not yet done)
Sale price £280,000
BMV = 16%
Outstanding mortgage £234,000
Arrears £9,000
Current repayments £2400 a month


Vendor wants to rent back, which I am not registered to do at present.
Have thought about lease options but do not have the experience plus the vendor wants to stay in the property.


Last year the vendor fell behind with the repayments as her husband was out of work for 5 months.
They are now both working and are making the repayments on the mortgage and extra towards the arrears.
She will also have to pay a £14,000 early redemption if she was to sell before April.

I have also considered negotiating with the vendor so that I can package the deal up to sell on but I am not confident with this.



07723029987