The fundamentals of property investing are the nuts and bolts of your business. Ensuring that you have a great team around you will help towards your success. 

This is your first step in your property investing career.

Understanding the legal aspects of buying a property and having a great solicitor in place is really important. Also having access to the right finance is the key to securing those great deals once you find them.

Within this section you will also find information about tax and capital allowances. This will enable you to plan for how much tax you will need to pay and also how much tax you could save if you do things in the right way from the outset.

Protecting yourself from property fraud

Property fraud is where fraudsters try to “steal” your property, most commonly by pretending to be you and selling or mortgaging your property without your knowledge. This is such a nightmare scenario as your property is your most valuable asset, which is why fraudsters target it.Properties that are more vulnerable to fraud are: Mortgage free properties Tenanted properties Empty properties If the owner lives overseas Where the owner has died and the property is held in trust Fraudster’s can attempt to acquire ownership by stealing an owner’s identity by using a forged document or impersonating the registered owner. Once they have raised money by mortgaging the property without the owner’s knowledge, they disappear without making repayments leaving the owner to deal with the consequences.You should register your property with the Land Registry if it isn’t already.  If you bought or remortgaged your property after 1998 then it should be registered,...
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Finance using a refurbishment strategy

A property refurbishment can give a significant uplift in value, provided you have bought well and the works are done to a sensible spec and budget. At the cheaper end of the market, you might find you are bidding against a first-time buyer who intends to live in the property, or perhaps against a builder who can carry out the works themselves, “at cost”. These competitors might well be happy to pay more for a property than an investor, given they might not be working off a yield, or against the same project costs. At the more expensive end, the finish will become more important, and yields likely to be slimmer, so choose your investment property wisely, and don’t let your emotions get in the way! Refurbishment LoanFrom a short-term (bridging) lenders perspective, a Refurbishment Loan would be applicable if there is an existing structure (property) which remains wind &...
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Will you be able to rent out your property next year?

  Were you aware that from April 2018, your property will need to be a minimum EPC rating of E or above to be able to rent it to a tenant?  As a landlord, you are liable to pay a hefty fine if you do not adhere to the regulations.This could affect over 300,000 properties in the private rental sector.   Until 2020, it only applies to new lets but after that it will apply to all rented properties. There are rumours that some green deal initiatives will be coming soon, so keep an eye out for those.So, as a landlord what do you need to do now? Have a look at the EPC register to see what grade your property was rated. Click here to go to the register. Make sure it is less than 10 years old. EPC’s are only valid for 10 years, then you need to have...
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Are Leasehold Properties Good For Buy-To-Let Investments?

  For years now property investors have been arguing over whether it’s better to look at leasehold or freehold property. Both have their positives and negatives – it just depends on which strategy you believe will suit you, as an investor, best. What is a leasehold property?A leasehold property in the UK tends to be a flat. When you purchase it you retain the rights for the property for a particular period, whereas a freeholder has complete control over the building and owns the land on which it sits.A lease option is the written agreement between the freeholder and whoever is exclusively leasing the property. The latter has the ‘option’ to buy, rent or sell the property (depending on the document’s specific wording).Negatives of a leasehold buy to let Possible no letting clause. Just because you’ve purchased the lease for a property, it doesn’t necessarily mean you can legally let...
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100% Finance Case Study

 Our property developer client agreed to buy a run-down property in a well-established residential area in North Manchester. The previous owner had moved into a care home, and an agreement was struck with the family to buy the property, before it went to market. The property was in need of a full refurbishment, but was structurally sound.As the vendors wanted a quick-sale, they accepted an offer of £205k on the understanding that the purchase would be concluded within a month. The developer was comfortable with this, having used bridging finance before and therefore being familiar with the process, and importantly how long it would take. Headline Deal Figures are:Offer - £205KOpen Market Value - £295KLender funded 70% of OMV = 100% purchase priceRefurb - £40KNew Asking Price £349,500Given the client knew he was getting a good deal, but wanted to keep his cash contribution down to a minimum, we suggested a...
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