Video | Millionaire Young

Finance Application – Sales

I understand that if this application is successful the money will not be paid directly to me. YesNo I confirm that the entire money borrowed will only be used for property investment purposes. YesNo Your Name * Your Address * Your Number * How much do you want to borrow? * Over how many months? * Are you able to give any security besides a contract? * If so what - If someone in your family is a home owner, can we put a charge on their property as security? YesNo Have you borrowed money from the M.Y pot before * if yes: How much ? Was it paid back in accordance to the terms agreed ? How much is the property worth? *please give two links of comparables or two addresses of other properties that have sold near by in the last 6 months Have you asked some local estate agents? * how long similar properties have been on the market for? also how long it has taken them to sell other similar properties recently? if no please do How much will they stamp duty be? * How much profit will be in the deal after all costs? * Is it a delayed completion?- If so for how long? * How much will the mortgage be per month? * How much can you rent the property for per month? * How much cash flow will there be per month? * How do you plan to pay M.Y back? * How can you be sure the money will come back at the planned time of exit? * If the property is valued at 10% less then what you planned at the point of exit, would this effect your ability to pay the loan back if so what would you do? * If M.Y provided the money would you consider doing a Joint venture where you split the responsibility, risk and profit? * Attach a copy of your scanned driving license * Attach a copy of your scanned ID card *