Hi all,
I have a vendor finance deal in place where I am providing the finance to the other party.
The deal started out simply, as interest only payments, which gradually went up over 2009-2011 as interest rates went up (linked to bank SVR).
When interest rates peaked and started coming down again, the person I am financing requested that they keep their payments at the same level and start gaining some equity in the property, which I was happy to do.
I have a spreadsheet I have been trying to calculate their equity on and would appreciate someone with experience at this looking over it to confirm that it is accurate.
If anyone can assist, please send me your email address and phone number so I can talk you through my calculations.
Thanks,
Matt
I have a vendor finance deal in place where I am providing the finance to the other party.
The deal started out simply, as interest only payments, which gradually went up over 2009-2011 as interest rates went up (linked to bank SVR).
When interest rates peaked and started coming down again, the person I am financing requested that they keep their payments at the same level and start gaining some equity in the property, which I was happy to do.
I have a spreadsheet I have been trying to calculate their equity on and would appreciate someone with experience at this looking over it to confirm that it is accurate.
If anyone can assist, please send me your email address and phone number so I can talk you through my calculations.
Thanks,
Matt
