A STEP-BY-STEP
BUYER’S GUIDE

Sourced Property

Initial Due Diligence - does it work for our investors?
Acceptable For Social Rental Provider

Can we offer 10% plus through our government approved strategic partners?
Approved

This property meets the required standards for social housing providers.
Investment Appraisal

Full investment details for clients.
Reservation by Client

Welcome Pack.
Legal Pack

Lawyers client care and authority to act. Lawyers will advise on next steps.
10 day exchange

Due to demand, these are time of the essence purchases. 360° sales progression will assist.
Completion

Client has a fully managed property with rent paid 1st of each month.

You’ve chosen the property you want and found the investment that works for you - what’s next?

The first step is to agree with our sales team the property you want to invest in. Our local representative will be on hand to answer any questions or queries you may have.
Once details of the above have been agreed, you’ll be expected to complete a reservation form and pay a reservation fee. When we’ve received your reservation form and fee, we will send you a welcome email confirming the buyers’ details and purchase vehicle if using a company. We will also require your solicitors’ details unless you are using one of our preferred solicitors. The memorandum of sale will be sent to you, and both your solicitor and our solicitor, to get the process started. The reservation fee will be deducted from your final completion costs. Please note, the reservation fee is fully refundable should we be unable for any reason to complete the transaction. If you withdraw from the purchase and we are unable to resell then you will lose your reservation fee. Property is reserved and confirmed via email.
After the welcome email has been sent, our solicitor will put together a legal pack which includes the contract with the approved government social housing provider, this will then be sent to your solicitor.
Buyer’s solicitor will raise enquires and confirm that they will indemnify searches. This is necessary where the property is a “time is of the essence” transaction.

Once the buyer’s solicitors have had their enquiries satisfied, they will confirm an exchange of contract and set a completion date.
Buyers will exchange with a 10% deposit, this will be ‘held to order’ by the solicitor.
On completion, normally within 10/ 28 days, the remainder of the funds are paid across via the solicitors.
Complete the Buildings Insurance and PMIS Form.
As part of the final steps, we can assist in arranging a building insurance policy on your behalf. Buildings insurance is a requirement under your lease and cost is usually a few hundred pounds per annum. This insurance provides valuable protection, covering liabilities arising from severe property damage, such as flooding, fire, or natural disasters.
Additionally, you will receive a Property Management and Information form from us. Completing this form promptly is essential as it enables the housing provider to set up your details in their systems and establish a payment order for rental income. This step ensures a smooth transition into the rental phase of your property investment.
Congratulations, you can now enjoy a fully managed property and hands off investment with market leading returns.