Frequently Ask Questions

The following are frequently asked questions by potential investment clients

FAQs

Why use a sourcing company?

The reasons our client choose to use a property sourcing company is usually because of 3 things. Time, Knowledge, and Proximity. A lot of people want to invest in property but just don’t have the time needed around their busy schedules to find suitable properties, then go along to viewings and do all the due diligence afterwards. A good sourcing company will do all of that for you. They may not know what they’re looking for, how to find it, what to look out for and how to calculate if it’s a good investment or not. Property investing is a great way to invest your money, however, there are many ways in which it can go wrong. Using an expert who has the knowledge of the local area in which you’re looking is invaluable. The final reason is proximity, a lot of investors don’t invest in the area they live in. A lot of investors live miles away or even overseas and can’t just jump in the car to go to a viewing. The sourcing company also usually have relationships with local agents and professionals, and so will get deals sent through to them before they are ever on the market.

What type of property do you source?
We source anything within reason but our main focus are buy to let properties, small HMOs and small developments and conversions.
Is now a good time to buy properties?
It depends on the reason you’re buying. If you’re looking to buy for cash flow or long term capital growth then now is always the best time to buy, as we can’t predict what is going to happen in the economy. If you’re buying to flip (buy and sell for a higher amount), or developments that rely on the market being high once finished then we would recommend looking at the current marketplace a little more. Make sure that you have more than one exit and that all exits are not affected if there is a market crash. Speak to us if you want to know a little more about this at a particular time.
Which areas would you advise to invest in?
This completely depends on the type of investment you’re looking for. If you’re looking for capital growth then you want to buy in slightly more affluent areas, however, if you’re buying for yield or cash flow, then you want to buy in more working-class areas. Treat this as a scale, if you want a mix of the two, then the nicer areas you go to will have a lower yield but a higher capital growth potential.
Where do you source properties from?
We search the whole market to find properties for our clients. So we search the online platforms such as Rightmove and Zoopla, just like you would, but we also contact estate agents directly and work with a lot of other property sources and property developers which you wouldn’t have access to.
How long will it take to source for a property?
There is no exact answer to this question. It could take a week, a month, or even a year. It completely depends on the type of property you’re looking for and the market at the time you’re looking. We have usually found your first property within the first month though.
Where do you cover?

We can source UK wide. We have agents around the country who can cover the most popular investment areas. If you are specifically looking for property in an area we don’t cover directly, then we work with external agents who are in our contacts.

I am overseas, can you source for me?

Yes! We welcome overseas clients and we will be willing to accommodate your needs.

How do you calculate the property?
We calculate this by looking at comparable properties in the area which both are on the market currently and properties that have sold within the last 2 years within a half-mile radius.
How do calculate the work needed on a property?
We estimate based on the costs and experience from previous jobs. We usually go with tradesmen for viewing before the purchase is complete.
What are your charges?

We charge a one-off commitment fee of £500, that fee is to show us that you are committed to us as we are to you, but it also gets us to search for properties specific to you and your needs. This also gives you access to our power team of trusted and vetted suppliers. Solicitors, brokers, surveyors, trades, etc. Once that’s paid, we’ll start searching for you straight away. We’ll send any deals we source to you in the form of a deal pack with as much of the information as possible, this will include information about the property, photos, as well as area information to give you an overview. It could take a week or a month to find you the right property, but we’ll keep searching until we find it! Once we do, the sourcing fee is 2% of the property price, or £3,000, whichever is higher. That’s charged at 50% on the instruction of solicitors, and the last 50% on the completion of the sale. This means you’ll know that we’ll keep pushing that sale through for you until completion. We’ll do all the chasing of solicitors, brokers, agents, and anyone else so that you know everything is running as efficiently as possible throughout the whole process.

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Get in Touch Now

We’d love to talk to you about property investment and how we can help you grow. Call us now on 0161 791 4161, or drop us an email