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Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
Will please share the details of the solicitor who review the legal Pack,Thanks
I mean you mentioned Anthony Gold who help PT members to review the legal pack,How do I contact him please ,Thank you
Contact Alan Zeffert on his email at alan.zeffertt (at) anthonygold.co.uk
Hi Shah, did you have any success with these, would you be happy to share who you found most reliable and cost effective reviewing you legals packs?
(25-01-2015 09:37 PM)Chodbag Wrote: Hi there, what a delight to find Property Tribes. Very much enjoying the possitive & open flow of information. I have one successful BTL property & am ready for more. My question: there are a handful of properties coming up at auction that meet my criteria but I am keen to ensure all the legal packs are read & understood by a solicitor as I don't like nasty surprises. Do I need to pay for a solicitor to read through half a dozen legal packs if I only hope to buy property?
Thanks for any advice on not getting this bit wrong!
general operations director, site owner and moderator - propertytribes.com
Venessa is spot on
Auction properties often come with issues and some are hidden quite well. The crucial aspect is to learn when a property can be mortgaged and not because if it can never be mortgaged even auction finance is tricky as they will only see you exit as sale which many might not like and certainly reduce the LTV. If you don't know what issues can cause a property not to be mortgagable or how to look out for them (in the flesh or in the legal pack) and occasionally they're hidden from both then buying auction property is quite risky and maybe be worth networking with someone who has this knowledge and skills. Having said all that caution, its also a great place to buy well if you can do your numbers correctly on due diligence or work with someone who can help you do that and also know how to find / avoid all the risks / issues you don't like.
best of luck
regards Andrew Peers - property investor / sourcer - 07912674181
Property Redress Scheme Number 011436 NLA member 174404