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3 contributions to Full Circle Property Academy
Bridging for auction purchase
Wonder if anyone can give me some rough figures on what I’d be expectin to pay please... what fees as a rough guide are involved in getting the bridging loan to stage of ‘push the button to release the funds’ and I’m presuming If I’m not the winning bid, do I just decline the loan offer? What interest (roughly) and fees should I expect on the below on terms of the bridging loan part of it over 8-9 months Brief figures - Property is likely to sell at Auction for £270k + the fees - Reno will cost £25k - stamp duty, auction and legals to factor in - I’ve got £100k to put into the project - GDV £385,000 - Expected rent to Achieve £1700 pcm Reason I’m interested in it is capital growth is good in the area, and it’s 2 doors down to my own house!
Intro
Hi everyone, I’m Clare 👋 I’m a primary school teacher and property investor living in Halifax, West Yorkshire. My husband Rob is a joiner and we’ve completed our first flip project this year - a 2 bed bungalow in Bradford. Lots of learning from the first project and now SSTC and in legals, we’re looking for our next project. Looking forward to connecting with people and following your journeys 😊
0 likes • 28d
Well done 👏🏻 did your budget go to plan?
Cambridge
Hi I’m Michael, Based in Cambridge I'm into property because I like working on my own terms, and the leveraging capability property has unlike anything else. Right now I'm focused on buying a 3rd BTL property (BRRR) in a new area, focusing on a higher yields than what my local area achieves I'd love to connect with people who invest in other areas other than where they live, and how/where they get their information from to feel comfortable doing this The 3 things I want to gain from this community are: 1. A Wider network of people, agents, tradesmen etc 2. Recommendations 3. Second opinions on property obstacles! The 3 things I like to do for fun are: 1. low balling estate agents 🤣 2. Thinking I’m going to do triathlon one day!
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Michael Thomas
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@michael-thomas-3021
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Active 3d ago
Joined Oct 14, 2026
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