kaps z

Registered with Property118.com
Sunday 18th January 2015


Latest Comments

Total Number of Property118 Comments: 10

kaps z

17:47 PM, 9th May 2019
About a month ago

Back out from successful bid on auction property?

Reply to the comment left by Graham Bowcock at 09/05/2019 - 09:28
By mistake the auction house emailed all the potential buyers for this property about one of the points raised as query in one email to all. So we have the list of all the interested people, do you think it is OK to contact them if they have any interest in buying.

Letting is an option or I should say only option but we really be looking to sell (if we could at all) and use the money to buy property via mortgage. We may get 2 properties putting 50% deposit towards each.... Read More

kaps z

17:43 PM, 9th May 2019
About a month ago

Back out from successful bid on auction property?

Reply to the comment left by Graham Bowcock at 09/05/2019 - 09:28
Thank you for your input.
We initially thought we will buy this property on cash and then get equity out to buy another property in mortgage. Now as the agent I called just to check how much we could sell for mentioned that mortgage has been turned down so we are not sure if it is worth asking other lenders or that would not matter if one lender has refused the mortgage.

Other option is to put it back on auction but we aren't sure as doing that may show that property had got some defect and which is why it is back on auction as soon as it was sold. We don't want any of our step to go against property.... Read More

kaps z

17:38 PM, 9th May 2019
About a month ago

Back out from successful bid on auction property?

Reply to the comment left by angela at 09/05/2019 - 09:30
Property is in Cardiff, Wales.... Read More

kaps z

17:11 PM, 8th May 2019
About a month ago

Back out from successful bid on auction property?

Thank You for responding. The reason we think to back out is the fact we may block our entire savings with no real market to sell the property shall we need to sell. Our deposit is around 10k, is that the only amount that we could loose as we are reading that sellers may go to court to demand the loss if they could not sell at same price we bought it for.
Loosing 10k can still be recovered in short time, but the entire price of the property if market goes more bad then we are stuck with something that can never be sold.... Read More

kaps z

11:15 AM, 2nd June 2015
About 4 years ago

Missing lease document

Can we not take indemnity insurance to cover any risk coming out from not comparing other lease document as the sellers confirmed that they don't have other flat lease document, which might be right or may be wrong if they have any intention to hide some information. Can we not contact the other flat owners directly to confirm or gain a copy of lease document.
These are purpose built apartments from 1995, from the back garden there is way out to the street however it has to cross next door garden. So might be possible that there are some clauses in other flat leases which we should be aware of. Any advice should we consider it to be deal breaker concern ? This is my first BTL so little worried as we might have to sale if my daughter wants to when she grow up, and at that time we don't want any issues affecting her capability to sale the flat.... Read More