Hi ; I wonder if you can help, I have a query about the 'values' page entered once you have picked a property. Cost of house £125000 Deposit £50000 Mortgage £77525 (including costs of £2525) Total of works - surveys etc currently about £4000 I have estimated the new value as £132000.00 Why does it say net costs are £204673 and my net profit is -£72673.00? Gina
Hi Gina, The short answer is I'm not completely sure without checking your account. You can email me with your login details and I can have a look for you. I would hazard a guess that you may have added in incorrectly the total mortgage as a cost? It's not, it's a liability secured against your asset. The net costs are: the purchase cost of the house, then any others cost of purchase such as legal fees, survey, mortgage, stamp duty, etc (purchasers costs), costs of any works done (such as improvements) and if you want to be really pedantic the potential sales costs. By adding in these figures you should get a reasonably accurate capital profit/loss figure for your investment.
