Property Lettings and Management
The Current UK Property Market
Are you considering investing in a buy-to-let property? Have been put off by worries that you may have missed the boat as property prices surely can't increase any more? Do you feel that investing is a big risk?
WELL READ ON!
"History has shown us that the value of UK properties doubles every 10 - 12 years. (Source : Office of the Deputy Prime Minister) The market is underpinned by demand because new property devlopment is insufficent to keep pace with ever increasing housing demand.
Government figures suggest that 250,000 new homes are required every year. However, the reality is that only 150,000 new homes are actually built. The government has predicted that twice as many homes will be required in the UK by 2016.
How many of them will be provided by the private rental sector?" (source The Money Centre)
How do you feel now? The simple truth is that right now is the best time to invest in property as the above article shows!
The 365 Story So Far
So who are we ?
Well as experienced landlords & property investors we have a wealth of knowledge in the locating, negotiating, successful completion and letting out of properties nationwide.
As a result we have a range of services to suit everyone.
The 1st Step Property Questionnaire
If you are now eager to invest then answer the questions below and allow us to help you get started :-
Are you considering investing property?
Are you unsure where to start?
Do you own your own home?
When was the last time that you had it valued?
How much would you say that your current home is worth?
What is the outstanding amount left on your mortgage and how long does it have to run?
What type of mortgage do you have and what is your current interest rate ?
Do you have savings or money in stock/shares etc?
Would you like the financial freedom that property investment can provide?
Would you like to invest in property and a make a living from the returns?
If you would like further information on how to invest in property after answering the above questions please call one our friendly team on 0191 482 6484.
Benefit from our Property Education Course –
This course covers all aspects in the letting out of property. The course will give you the skills required to become a successful landlord without the need for letting agents.
The course covers:-
- Locating your property
- Financing your property
- Advertising your property(includes a £20+VAT discount on a TO LET Board)
- A bespoke marketing plan
- TO LET poster master copy
- To LET paper advert master copy
- Handling enquiries
- Sourcing Tenants
- Interview techniques for potential tenants
- Tenant reference and employer check
- Selection of tenants
- Supervision of tenancy
- Collection of rents due
- Master copies of tenancy agreements for both Scottish and English Law
- Master copies of court letters, inventory checklists, tenant enquiry log, tenancy agreement payment schedule plus a 365 TO LET Property Folder
- Price placing
- Ongoing solutions for your property
- Releasing equity
- Re-investing your equity
The 365 Locator Service
We can provide a full locator service and find suitable BMV/Buy-to-Let/Investment properties on your behalf.
The locator service is always tailor made to suit the individual client but generally comes under the following headings-
1.) Cost Per Lead Locator Service
This service provides members of our database the opportunity to receive leads on BMV/Buy-To-Let properties when they become available.
The service generally follows this pattern -
a.) We will send out information and details on a property or list of properties including price,how much the property is below market value, the numbers of rooms in the property, the condition of the property, what we would expect the property to let for and the yield, plus if the property was rennovated what the new market value would be.
b.) If you were then interested in finding out the full information and contact details of the property i.e. the address and how to contact the vendor we would then charge the following.
The cost per lead is £100 (£50 if the property is advertised with an estate agent) plus a finders fee at 0.5% of the final selling price(minimum £450 payable direct from the solictors on exchange of contracts. We offer a full refund if the lead is not what is expressed on the information sheet.
2.) Priority Listings Search for Suitable Properties
As an alternative you may wish to join our priority listings database which gives you information on properties before we send it to our full UK database.
This will include us searching for properties that match your exact requirements with the specific aim of drawing up a shortlist of suitable properties that require further investigation.
The search will include but not be limited to the following:-
Selecting type of property (House, Flat, Terrace etc)
Selecting whether the property will be buy-to-let/investment
Selecting a budget for the project
Checking affordability of properties not just the purchase price
Registering with local estate agents, landlords, surveyors and auctioneers etc
Visiting local & national websites in order to source suitable properties
Liaison with the above companies
Analysing the properties as investment opportunities including market research, local property prices, expected rental income, property yield, freehold/leasehold, ground rent/service charges/factors fees etc
Daily/Weekly/Monthly feedback on progress
24 / 7 Telephone support throughout the month
Preparing a list of suitable properties that require viewing
Priority listing on our database
COST - prices start from £200+VAT per calendar month
3.) Viewing The Suitable Properties In Person
This service will involve us actually viewing the properties from the shortlist in person to assess their suitability further on your behalf.
This will be with the specific aim of drawing up an even shorter list of suitable properties that may require viewing by the client or progressing to the offer stage.
This will be based on the following factors:-
Suitability
Location
Local services
Transport links
Value for money
Price
Rental income
Yearly profit
Competition
Feel good factor
Discount opportunities
List & costs of works required (if any)
Ongoing maintenance
COST - prices start from £200+VAT per calendar month
- We have links with all the estate agents in you area and therefore can find a property that matches your requirements, at a price to suit.
- We can negotiate the purchase of the property on your behalf dealing with the vendors and estate agents. Remember making the right offer at the right price can save you thousands.
- We have links with all the top mortgage advisors and high street lenders so we can get you the best mortgage rate available.
- We can help you realise the potential of a particular property through our links with architects, builders, local planning officers and Scottish and English heritage.
- We can offer a full letting service after completion to help you maximise the returns on your investment.
The 365 Full Letting Service includes the following:-
- Advertising your property
- Dealing with enquiries
- Interviewing potential tenants
- Selection of tenants
- Reference and employer check
- Tenancy agreements for both Scottish and English Law
- Supervision of tenancy
- Collection of rents due (if required)
- Property check mid-way through the tenancy or at intervals as specified by the client
- Ongoing solutions for your property
- Releasing your equity
- Reinvesting your equity
So how do you know if a particular property would prove to be a sound investment for buy-to-let?
Before purchasing a property all the experienced property investors always consider what Yield a particular property will provide them with before they purchase.
Yield is calcuating by using the following method -
Annual Rent divided by Purchase Price
So if a property is valued at £70,000 and the rental expected per annum is £4740 (which is £395 per month x 12 months) then the yield would be 6.77%.
It is generally recognised that anything above a 6% yield presents a sound investment!
