Tag Archives: Due Diligence

Lease extension – how to calculate the premium Buy to Let News, Conveyancing, House Prices, Latest Articles, Lettings & Management, Mortgage News, Property Investment News, Property Investment Strategies

Lease extension – how to calculate the premiumMost lenders insist that a term of at least 35 years must exist on a lease in addition to the required mortgage term. Therefore, if a borrower requests a 25 year mortgage term the remaining lease term must be at least 60 years. If the remaining lease term is shorter, the lease will need to be extended to make the property mortgageable. The process of extending a lease can also add significant value to a property. Todays good news it that the cost of lease extension is now far easier to calculate. Continue reading Lease extension – how to calculate the premium


Referencing Tenants Explained on Animated Video Cautionary Tales, Latest Articles

A few months ago I wrote an article entitled How Free Tenant Referencing Businesses Are Influencing Landlords Strategies.

Since then I’ve discovered this very professional and very simple video which explains the concept of network referencing really well. Continue reading Referencing Tenants Explained on Animated Video


Property Auction Due Diligence & How Much To Bid Latest Articles, Property Investment Strategies

Mark Alexander, founder of Property118.com

Mark Alexander founder of Property118.com

I have purchased some of my best property deals at auctions but it is not for the faint hearted.

When buying at an auction these are the major considerations:

  • Why wasn’t the property sold by an estate agent? They are usually marketed by an estate agent before they get to auction!
  • Is there a problem with the title? You can either pay a solicitor to check this or you can pay a solicitor to teach you what to look for in the auction pack. I’ve found the latter to be a more cost effective option.
  • How much will you need to spend on the property? I always get them checked over by an experienced builder who is able to spot any structural defects and can give me a guide price to refurbish the property to my specifications. Continue reading Property Auction Due Diligence & How Much To Bid

Review of Buy To Let Investors Workshop by Landlord Action Latest Articles

Mark Alexander, founder of Property118.com

Mark Alexander founder of Property118.com

Yesterday (Friday 2nd September 2011) I attended a buy to let investors workshop at the Holiday Inn Kensington, London which was organised by Paul Shamplina of Landlord Action.

I had been invited as a special guest of Paul Shamplina, the founder of Landlord Action to review the event and provide constructive feedback. Landlord Action is a legal practice specialising in tenant evictions and litigation on behalf of landlords.  Continue reading Review of Buy To Let Investors Workshop by Landlord Action


Quick guide to property surveys and valuations Latest Articles, Property Investment Strategies

subsidence crack in brick wallBuying a home or investing in a letting property are important financial decisions, but many buyers fall in to the trap of relying on the wrong information that could cost them dear.
Findings from the Royal Institution of Chartered Surveyors (RICS) revealed around one in four homebuyers picked up bills averaging £1,800 for unplanned building work after picking up the keys to their new property.
This quick guide looks at the main points to consider about property surveys and valuations: Continue reading Quick guide to property surveys and valuations


Due Diligence – By Mark Alexander Fun Stuff, Latest Articles, Property Investment Strategies, UK Property Forum for Buy to Let Landlords

I am constantly amazed when I hear that people spend a fortune on property education courses or invest their pension pots into unbuilt apart-hotels in far flung places and then end up losing a fortune.  Don’t they Google these things or ask people without a vested interest for advice? Continue reading Due Diligence – By Mark Alexander


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