Fra Rex

Registered with Property118.com
Tuesday 30th September 2014


Latest Comments

Total Number of Property118 Comments: 13

Fra Rex

23:48 PM, 14th June 2015
About 6 years ago

Mortgage on a property bought off plan with a re-assignment

You need to check the term and conditions with the agent, in my case they refunded most of the booking fee but they were not due to do so.... Read More

Fra Rex

14:30 PM, 14th June 2015
About 6 years ago

Mortgage on a property bought off plan with a re-assignment

No, as I explain above I decided not to go for it, you need to be a cash buyer to be sure you will not have problems in financing the re-assigned property when the balance is due.... Read More

Fra Rex

21:12 PM, 8th May 2015
About 6 years ago

Mortgage on a property bought off plan with a re-assignment

Hi Charles, mainly because:

- I live in the area as well and looking after the property is going to be easier
- I could still afford the price of a property in the area
- As you say the area has changed and it is still changing in the better

Last week, I completed on the property my offer was accepted, all went smooth although it took a bit of time.

Cheers... Read More

Fra Rex

12:58 PM, 5th May 2015
About 6 years ago

Buying a property already tenanted through an agent

In the end everything seem to have worked out fine, the agent is going to help me transferring the tenant under the same terms as he had with the agent and I will be making a gift to the agents although I am not required.

I probably need to draw a new contract with the tenant though…

… in part I was wandering it is fine to add a note to his existing contract to say that the payment should be made directly to me and that all other conditions remain unchanged.

Many thanks!... Read More

Fra Rex

14:25 PM, 29th April 2015
About 6 years ago

Buying a property already tenanted through an agent

Re. last comment from David.

Yes of course, that is my intention in case there was/is any misunderstanding, but I also need to know what is my freedom of movements.

Overall the agent has been nice and I have been considering to send him a gift after completion.

I worked out the financials for the transaction without considering the property being agented because that is what I said to the agent; if now I must go for any level of service (between 9% and 12.5% + VAT) or I have any obligation to pay the agent, the property the financials wouldn’t have worked and I would not have gone for the property in first instance.... Read More