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Buying from bankrupt

Started by Anon100, November 26, 2015, 05:13:13 PM

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Anon100

I have the opportunity to buy a property from a bankrupt's estate. The property is currently being rented out and is in good condition.

The property is being dealt with by an official trustee and I am in the process of putting in an official offer.

There are charges on the property but I guess these will be removed once the property is sold.

Any other pitfalls to be aware of?

Any issues with getting a mortgage?

What discount off market value would be appropriate? The bank is keen to firesale the asset. I'm trying to pre-empt this.

Thanks for your help.