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Case study one (15% discount using discount as deposit)
2 bedroom apartment in Manchester.
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| Market Price |
£159,950 |
| 15% Deposit paid by FPH |
£23,992
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| Mortgage amount |
£135,957 |
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| Legal fees* |
£1,500 |
| Stamp duty |
£1,599 |
| Acquisition fee |
£5,869 |
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| Your total costs |
£8,968 |
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Based on the above case study your total costs are £8,968. Your total equity in the property is £23,992.
If this property was to follow the national average growth this would equate to £17,594 per year. Your potential equity after just 1 year (12 months from today) could be in excess of £40,000 and your initial outlay was only £8,968.
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Case study two (10% discount + stamp duty and legal fees* paid)
2 bedroom apartment in Kearsley.
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| Market Price |
£124,950 |
| Deposit paid by FPH |
£12,495
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| Mortgage amount |
£112,455 |
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| Legal fees* paid by FPH |
£2,000 |
| Stamp duty |
EXEMPT |
| Acquisition fee |
£5,000 |
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| Your total costs |
£5,000 |
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Based on the above case study your total costs are £5,000. Your total equity in the property is £12,495.
If this property was to follow the national average growth this would equate to £13,744 per year. Your potential equity after just 1 year (12 months from today) could be in excess of £26,239 and you initial outlay was only £5,000.
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Case study three (10% discount with cash back)
2 bedroom apartment in Slough.
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| Market Price |
£249,950 |
| Deposit paid by FPH |
£24,995
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| Mortgage amount |
£224,955 |
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| Legal fees* |
£1,500 |
| Stamp duty |
£2,495 |
| Acquisition fee |
£7,499 |
| Your total costs |
£11,994 |
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| Less 5% cash back |
£12,498 |
| Total costs to you |
-£1004 |
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Based on the above case study your total costs are -£1004. Your total equity in the property is £24,995.
If this property was to follow the national average growth this would equate to £27,494 per year. Your potential equity after just 1 year (12 months from today) could be in excess of £52,489 and you initial outlay was only -£1004 (you receive £1004 back)
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Case study four (15% discount)
1 bedroom apartment in Birmingham.
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| Market Price |
£134,950 |
| Less 15% discount |
£20,242
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| New purchase price |
£114,707
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| Less your deposit of 5% |
£6,748
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| Mortgage amount |
£107,959 |
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| Legal fees* |
£1,000 |
| Stamp duty |
EXEMPT |
| Acquisition fee |
£5,000 |
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| Your total costs |
£6,000 |
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Based on the above case study your total costs are £5,000 your total equity in the property is £26,990.
If this property was to follow the national average growth this would equate to £14,844 per year. Your potential equity after just 1 year (12 months from today) could be in excess of £41,834 and you initial outlay was only £6,000.
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Case study five (5% First time buyer’s scheme)
2 bedroom apartment in London.
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| Market Price |
£236,950 |
| Deposit paid by FPH |
£11,847
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| Mortgage amount |
£225,102 |
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| Legal fees* paid by FPH |
£2,000 |
| Stamp duty paid by FPH |
£2,369 |
| Acquisition fee |
NOT APPLICABLE |
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| Your total costs |
£NIL |
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Based on the above case study your total costs are £NIL. Your total equity in the property is £11,847.
If this property was to follow the national average growth this would equate to £26,064 per year. Your potential equity after just 1 year (12 months from today) could be in excess of £37,911 and you initial outlay was NIL.
* Estimated costs
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First Place Homes is a modern, dynamic property company that specialises in providing discounted new homes and apartments for buy-to-live and investment purposes in the UK.
Our bulk-purchasing power with major developers, means in most cases, we pay your purchase deposit, thus giving you instant equity in your new property, without the need for substantial up-front expenses.
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