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Oct, 2014

Thursday

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Type: Posts; User: mk_man; Keyword(s):

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    Purchasing a commercial property

    Hello.

    I am purchasing a commercial property comprising of a flat and shop in London.

    The situation is such that the current landlord (A) has an agreement with a tenant (B) for both the flat...
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    Try a mortgage broker

    Try a mortgage broker
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    Yes you should be able to

    Yes you should be able to
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    Buy having said that there are some great yields...

    Buy having said that there are some great yields available in auctions
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    Still think prices need to fall by another 20%.

    Still think prices need to fall by another 20%.
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    Sorry private messages does not work for me. ...

    Sorry private messages does not work for me.

    Would you be kind enough to send me the document to my email address? My email is {Mod - no longer needed here}
    Many thanks and much appreciated.
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    Hech, I will send you a private message

    Hech, I will send you a private message
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    Is there a specific text I need to use?

    Is there a specific text I need to use?
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    Board Resolution

    Hello,

    I'm buying a commercial property with a flat above and my lender requires a board resolution authorising the mortgage and accepting the offer.

    I was wondering where I can find a template?
  10. Thread: Distressed Buy

    by mk_man
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    Thanks for your advice. Will speak to my...

    Thanks for your advice. Will speak to my solicitor about this...

    Westminster - As far as I am aware no rights are already established, no previous tenancy agreement, nothing. So a new tenancy...
  11. Thread: Distressed Buy

    by mk_man
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    It's a bit complicated in the sense that this is...

    It's a bit complicated in the sense that this is a family thing. People living in the house are first cousins of the owner, and I am related.

    There is no verbal agreement whatsoever to pay rent...
  12. Thread: Distressed Buy

    by mk_man
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    629

    Many thanks for your quick reply. The property...

    Many thanks for your quick reply.

    The property is not owned by the family living in the property but owned by their relative. There is currently no tenancy agreement in place with the current...
  13. Thread: Distressed Buy

    by mk_man
    Replies
    11
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    629

    Distressed Buy

    I am buying a residential property from a distressed seller.

    At the moment there is a family living in the house and when I do complete the property, if the family don't agree in signing a tenancy...
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    Is there another scenario where I can...

    Is there another scenario where I can remortgage/mortgage properties in the subsidiaries without complicating things?

    What happens if rental income builds up in the subsidary and I decide to use...
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    Many thanks for your reply. I will certainly...

    Many thanks for your reply.

    I will certainly look into this futher but just on a side note, will creating the subsidaries via freezer growth shares/or without freezer growth shares, will I be able...
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    Property Split - Limited Company

    Dear all,

    Firstly, I am not sure if this is the correct sub-forum so please do accept my apologies.

    I am one of four partners in a property company (limited) and we are thinking to go our own...
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