Once upon a time, investors used to do it all themselves, but not everybody has the time or the knowledge to look for an investment property. So, we now have educated people who source and package potential investment opportunities and sell them to investors.
Many investors these days buy properties based on return, which means many investors buy outside of their local area, even outside of the country they live in.
Deal packaging is the art of finding great property deals, matching them with the property investors, negotiating with the estate agent or vendor for the best price, and charging a sourcing fee, usually 3% of the purchase price.
SOURCE MY PROPERTIES provides BESPOKE sourcing services geared towards what you, the investor, want from the UK residential or commercial properties. If you're going to get the maximum return of investment (ROI) or to park your money into a high capital growth area, we got you covered.
A GREAT property sourcer will:
-> Create an investment and exit strategy that works best for you.
-> Research specific locations and generate leads from both ON & OFF market.
-> Analise deals to check profit potential.
-> Negotiate to get the BEST possible price while keeping you in the loop.
-> Make offers and handling ongoing deals until completion.
A property deal sourcer must be fully compliant and covered by Professional Indemnity Insurance.
We always aim to get the best deal for our investors.
Investing in property has always been one of the most reliable sources of investment, as it is a tangible asset that can be understood and controlled, to a certain extent, once you get to know the industry.
One of the most significant advantages of being a Buy-to-Let investor is earning an income in two different ways. One way is through the rent paid by tenants of the property, and the other is through capital growth, depending on where the property is located.
As renting property is currently a popular lifestyle trend, there is less chance of experiencing void periods in your letting. However, if a unit remains unoccupied, the loss of rental income during that period could be outweighed by the property's long-term appreciation.
Here is an excellent technique for buying properties, refurbishing and refinance them, and then recycling your money back out. BRR can be used within many other strategies, not just buy to let.
The essence of BRR investing is to find a property where you can add value. When combined with buy to let, it works well and enables you to build an extensive portfolio. We can add value by undertaking just a minor refurb, for example, putting in a new kitchen, bathroom, carpets or windows.
A house in multiple occupation (HMO) is a property rented out by at least three people who are not from 1 household (for example, a family) but share facilities like the bathroom and kitchen. It's sometimes called a 'house share'.
HMOs can produce a higher return of investment than traditional buy-to-let properties, sometimes as much as three times higher. The demand for shared living accommodation tends to remain robust against economic change and uncertainty due to tenants seeking affordable rooms to rent. When one tenant moves out, you still have several others paying their rent while finding a replacement for the vacant room.
There are many benefits of converting a commercial property into a residential property. Starting with 1st August 2021, most of the conversions can be done under Permitted Development (PD), and our in-house design team can help.
Class MA prior approval applications will be assessed by the local authorities, and if PD conditions are met, any application should be met with approval. According to statistics, there are around 18,000 shops, restaurants and leisure outlets lying vacant, partly because of the COVID pandemic and the move to online shopping.
So, converting vacant retail properties into residential does seem like a win-win situation for everyone. This move is designed to regenerate the high street and provide support for the UK housing crisis and create jobs in the construction industry.
Step 1: We usually start with a video call (Zoom) where we go through your sourcing criteria: type of investment, areas of interest, purpose, strategy and budget, so we can build a picture of what you want to achieve.
Step 2: To minimise any delays and comply with Anti-money laundering regulations, we would require further information such as Proof of ID (identification), Proof of Address, Proof of Funds (cash for deposits) and Proof of Finance (where a mortgage or other finance is required).
Step 3: At this moment, the sourcing process begins!!! Now that we have a clear idea of what to source, areas, budgets, cash flow, returns etc., we can work through potential properties methodically and work our way through the due diligence checklist.
Step 4: The next step is to send you an email with potential opportunities (properties) that match your criteria. If one of these are of interest and with your approval, we proceed further in our journey.
Step 5: At this step, we send you our Terms & Conditions (T&C) and ask for the sourcing fee to be paid (refundable). Once we have the signed terms & conditions and the payment of the invoice, we then set up a phone call or video call to discuss the full property details.
Step 6: We then call the agent or vendor to book a viewing and record a video for you (online viewing). If everything goes well and you are still happy to proceed, we carry out complete due diligence, leave no stone unturned, then submit a purchase offer on your behalf.
Step 7: Once the offer is accepted, the conveyancing process begins. The property purchase will go through as a regular sale between you and the selling agent, but we will help chase up any inquiries to speed up the process.
We are registered with HMRC for Anti-Money Laundering.
The registration number is: XEML00000164811.
We are registered with the Information Commissioner's office.
The registration number is: ZA312681.
We are registered with The Property Ombudsman, who will handle any complaints you may have if for any reason we can’t resolve the matter with you directly.
The registration number is: WIP
We are fully insured with Professional Indemnity Insurance and Public Liability Insurance. Insurer: xxx
Policy Number: WIP
Knowledge: A UK property sourcer will conduct a bespoke search in a chosen area to suit your terms.
Time: It can take a great deal of time over a long period to make contacts and find prospects that are likely to be of interest to you as an investor. If you are short on time, a UK property sourcer can manage the task for you.
Expertise: A property sourcer has the necessary experience, skills, and education to secure a property and finalise a deal. They also have ways of finding assets that aren’t readily available on the market.
Property deal packaging is the art of finding great property deals, matching them with the property investors, negotiating with the estate agent or vendor for the best price, and charging a sourcing fee, usually 3% of the purchase price. Investors benefit from this by gaining access to the sourcer’s expertise and network of contacts.
Property sourcing is the activity that all property professionals undertake to find, analyse, negotiate, and complete property deals.
Deal packaging is sourcing property on behalf of an investor for a fee. To do this, you need to demonstrate compliance and having the proper insurances in place.
It costs in excess of £1,000 for new property sourcers to register with all applicable agencies and authorities.
We put a lot of time and effort into finding BESPOKE deals for our investors. This is to protect us but also to safeguard serious and reputable investors through the process.
We appreciate this is a significant engagement from you. However, as a reliable sourcing company, we have fully assessed the property and are confident in the deal.
We offer a full money-back guarantee within 14 days if you view the property and find it is not as we have described it.
Yes, depending on the property’s location, value and amount of time & work we put into a deal.
Our T&C, who will be sent to you, clearly define all these issues.
Our fee depends on the property location and time, but usually 3% of the purchase price.
We provide you with as much information as we can before you commit. We carry out our due diligence, but we can’t guarantee any rental income, and we are not liable, in any way, for future earnings and values.
As with all investments, there are risks involved that you must assess before committing.
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