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