First-time BTL investor seeking alternatives to equity

Cash available: £200,000
Property purchased: £520,000

Our Client
  • A young professional, employed in the City and living in Surrey.

Assets
  • An existing property in the South East with substantial positive equity
  • Small equity portfolio
  • ISAs and savings

Reason for Enquiry
  • Expressed an interest in buy to let owing to recent publicity
  • Considered owning a rental property as a good alternative to an equity portfolio
  • Significant equity in own home
  • Came to Temple Field after a recommendation from a friend

Temple Field Role
  • Evaluated financial position, needs and aspirations with assistance of IFA
  • Independently sourced good investment opportunities in SW11
  • Advised on purchase of Yield Plus added-value property

Outcome
  • Refinanced own home to raise cash for investment purchase
  • Suitable property agreed within 3 weeks
  • Temple Field managed the purchase, furnishing and letting of the newly acquired property

Benefits
  • Temple Field agreed the purchase at £20,000 less than the highest bid
  • Gross yield of 6.4% expected
  • Capital appreciation expected due to the location close to Battersea Power Station and the new Northern Line underground station due to open in 2020
  • Most costs of BTL can still be offset against tax

Portfolio investor seeking alternative income

Cash available: £200,000
Property purchased: £475,000

Our Client
  • A mature City professional planning for retirement
  • Recently received annual bonus
  • Living in South West London

Assets
  • Existing five properties (all acquired with advice from TFP directors)
  • Equity portfolio
  • ISAs and cash savings

Reason for Enquiry
  • General interest in property but found sourcing the right investment problematic
  • Substantial funds available for investment and wanted to diversify from equities
  • Seeking an alternative source of income

Temple Field Role
  • Evaluate needs and aspirations, agreeing a target type of property
  • Independently sourced properties for investment
  • Advised on purchase of Yield Plus properties due to proven better income returns and good capital appreciation

Outcome
  • Over 20 properties pre-viewed over several weeks
  • Offer was placed on one property which was subsequently purchased
  • Temple Field organised the refurbishment and furniture to a high standard
  • The property let very quickly for the asking price

Benefits
  • TFP agreed a purchase 5% below market level
  • Gross yields of 7% projected
  • Immediate capital appreciation achieved
  • Client expectations exceeded such that another property already being discussed

Far eastern investor

Cash available: £1,100,000
Property purchased: £1,000,000

Our Client
  • Finance Director for a major PLC quoted in the Far East
  • Aged late 50s with a teenage daughter at a UK university

Assets
  • Shareholding in own company
  • Share portfolio
  • Cash assets

Reason for Enquiry
  • Looking for good value property purchases in London and advice on areas
  • Required help sourcing properties as demanding job left little time to visit London and for viewings
  • Came to Temple Field after attending a seminar in Hong Kong
  • Required use of Temple Field’s specialist local area knowledge

Temple Field Role
  • Retained Temple Field to independently source properties
  • We introduced client to mortgage adviser so debt finance could be considered
  • Temple Field also retained to deal with refurbishment

Outcome
  • A tour was arranged on first visit to London when several properties could be considered
  • Various new properties were then considered and emailed with photos and short videos
  • Two ideal properties were identified and offers made, plus a purchase agreed. Client then visited as the purchase process progressed.

Benefits
  • Whole family delighted and expectations exceeded
  • We saved the client time and money by negotiating a discount and taking a lead role in the purchase of the property
  • Risks were minimised by careful property selection

Expatriate based in Europe

Cash available: £1,000,000
Properties purchased: £870,000 and £465,000

Our Client
  • A private equity professional based in Europe
  • Parental family home in London still owned

Assets
  • Share portfolio only
  • Current property with no mortgage but not lettable

Reason for Enquiry
  • Our Client wanted to take the first step on the ladder with regard to property investment portfolio
  • The aim was to create an alternative income from a property portfolio but with one property available for the family in future
  • Looking for a straightforward investment opportunity

Temple Field Role
  • Evaluate needs and aspirations agreeing a target type of property
  • Independently sourced property for immediate investment and future family home
  • Introduced to IFA/Mortgage adviser to enable some debt to be arranged

Outcome
  • Suitable family flat / Investment found where work required
  • Temple Field retained to refurbish the property for letting
  • A second investment flat sourced with a higher income at 6%. Yield Plus 4-bed property sourced with tenants

Benefits
  • Client was able to purchase two properties with just two visits to the UK
  • Immediate capital appreciation achieved
  • Future family flat secured and let until required and investment purchase completed all within a few months.
  • Property portfolio set up and now income producing