[featured-img]We’ve received a mid-construction report from the Project Manager on this one, which is great! As you can see from the photos below, there’s been some real progress with frames built, and the walls and floors are really looking different from the state we left it in. Work completed so far: Rip out Frame works…
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[featured-img]The festive season is always a time to relax and revive, stay away from emails and read some books, reflect and review on the year past and the year ahead. We want to take this opportunity to wish you a fantastic holiday season from our family to yours, and share some of our reflections on…
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We are thrilled we received word from the Neath Port Talbot council today, they approved our planning application to change the property from C3 residential to C4 House of Multiple Occupants for up to four people. Yay! There was a proviso of no accommodations on the ground floor, as per the flood consequences report, which…
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We had the pleasure of meeting a letting agent who is achieving rents beyond our expectations for HMOs in Swansea and Port Talbot and we decided to make them a part of our team. Hearing about the agent being an investor himself, how he disagrees with many letting agents on their methods and bedside manners with…
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Today we visited the work sites of two of the builders we are getting quotes from, to understand their work method, see them in their own environment, and understand likely costs of works based on their existing/ past jobs. We are still waiting for quotes, but based on the type of work we have seen…
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Here are some photos of the state in which we received the property before we started work on it. [s2If !is_user_logged_in()] Below here is some more info for people we know and trust. Check out how to read it here. [/s2If] [s2If current_user_can(access_s2member_level1)] [/s2If]
Today we met with 2 builders on site to get some quotes and ideas about the development. Walking around the property with the builders, we discovered the ease in which this property could be turned into a HMO at a relatively low cost as many walls are brick, and therefore the fire exit is protected. …
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We received the completion* confirmation email from the solicitor today! This is the 3rd and finalproperty in this JV, and our 4th property completed so far. *For non-UK readers, completion here means we have paid the full purchase price and the Title will now be registered in our name.
We are using 2 of our properties to secure a 64% LTV bridging loan with a commercial lender called Together Finance. We want to start relationships with the bridge loan companies and banks, and prove our capital adequacy and credit worthiness. So for now, we will pay the large interest rate (detailed below) and set…
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One of the reasons we started work on Walter Rd was to get the renovation started in order to change the use of this property from office to a HMO, and therefore remove the higher commercial council tax rate. To do this you submit a form of course, a VO7012. Craig calls the Valuations Office…
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