Our Service

Integrity is very important to us and crucial we believe in building positive business relationships.

We would first like to meet you and understand your requirements before we proceed to a formal business relationship

All of our deals are personally vetted by us & include the following:

• We view all of the properties.
• Pay attention to condition to fixtures & fittings & provide a 12 month warranty on showers, bathroom & kitchen fixtures and fittings.
• Check the integrity of the central heating system and provide a 12 month warranty on repairs or boiler replacement.
• Check the integrity of the electrical system with a NICEIC Electrical pass certificate (Valid for 5 Years) and 12 month warranty on any remedial repairs.
• Any initial repairs i.e. decorating, carpet cleaning/replacement, remedial electric work etc to get the property ready for letting will be completed within the agreed price of the property and sourcing fee.
• All properties will come with a GAS Safe Landlords Gas Certificate for the first 12 months free of charge.
• We offer that all properties will rent within 6 weeks or we will pay your mortgage (Max 3 months).

ALL OF OUR DEALS ARE GENUINELY BELOW MARKET VALUE.... NO OVER INFLATED VALUATIONS BOTH IN TERMS OF CAPITAL VALUE AND MONTHLY RENTS.  ALL OUR DEALS ARE BACKED UP BY AN IMPARTIAL RIC’S VALUATION......IN TURN OF COURSE IF YOU CHOOSE TO USE MORTGAGE FINANCE YOUR LENDER WILL ORGANISE A VALUATION TO CO-OBERATE OUR INITIAL VALUATION.

IF A PROPERTY IS DOWNVALUED WE WILL INVESTIGATE AND IF REQUIRED RENEGOTIATE THE PRICE FOR YOU.

We do not promote any third party deals.....they are all our own deals that we have viewed, negotiated and fully packaged as a property deal for you.   We ask ourselves... ‘ would we be happy to buy this property?’ if the answer is no then we won’t do it......it’s as simple as that!

Our service to you is a ‘one stop shop’ for residential buy to let property investing;

• We source the property for you at a keen price (15-25% below market value)
• Including an assessment of rental potential
• RIC’S BUY TO LET valuation provided
• Arrange finance for you
• Organise legal conveyancing
• Any necessary works/refurbishment if required
• Organise lettings
• Provide ongoing customer support/after care service
• Dedicated portfolio manager

No or low money down deals?
We do not offer any ‘no/low money down creative finance solutions for any of our property deals.

We operate strictly within the Council of Mortgage lending code.

All deals when being financed by a mortgage will require a 25-35% deposit as required by the particular lender.

Clients can obviously refinance discounted deals at the gross valuation to release equity/initial deposits within 3 to 6 months of ownership or in the period specified by their particular lender, in order to release initial capital inputs which can be then reinvested into another property deal.

What do we charge?
We charge a sourcing fee per property.

Less than 15% discount to RIC'S valuation = £1,995+vat

15-19% discount to RIC’s valuation = £2,995+vat

20-25% discount to RIC’s valuation = £3,995+vat

Our sourcing fee is payable up front assuming a client wishes to proceed with a deal. Once this fee is paid the particular property deal is exclusively reserved for that client.

The sourcing fee is paid into our ‘Client Account’. It is only when a deal completes that we then pay into our commercial transaction account.

• If you decide to simply pull out of the reserved deal at any point we will refund your reservation fee minus a £1000 administration fee, this includes failure to secure finance.  Always wise to ensure that you are eligible to get mortgage finance or have alternative financial means before proceeding to purchase a property.
• If a deal does not complete because your mortgage survey reveals substantive issues or the vendor decides not to proceed we will refund your reservation fee in full or find you another deal.

One should however always be aware as is common with the property buying process deals can fall through.  We always recommend to our clients to allow for abortive costs when building a portfolio.

What are my total costs when I purchase a buy to let property through Fresh Avenue?

• Deposit as required by a lender, typically 25%
• Legal and conveyancing work
• Survey/valuation
• Broker fee for mortgage
• Arrangement fee for mortgage charged by lender and typically added to the loan
• Our sourcing fee

What are my total costs when I purchase a buy to let property through Fresh Avenue?

TOTAL COSTS REQUIRED TO BUY THE PROPERTY = £23,124

Don’t forget however that Fresh Avenue Property has secured £17,000 of equity/profit from day one! This then gives you the ability to refinance in six months and then the property would have only cost you a total net capital imput of around £11,000!! See how this is possible below;

Thus over a period of time you could build a portfolio of 10 properties, for around £116,000 total deposits and costs plus 25% equity in each property. Using this example and buying ten this would give £212,500 of initial equity!!

In effect you are investing £11,574 for an immediate equity return of £21,250. That’s an immediate 90% return on your net capital investment, a near doubling of your money when you purchase!

Don’t forget also that current market valuations are around 15% less than 2007 values. So in this example the £85,000 property would have been worth £100,000 in 2007. Even by pessimistic view point’s UK economists predict that the UK property market will return to 2007 levels within 5 years. So in this example in 2009 a house secured at £63,750 would generate a gross profit of £36,250 (£100,000 minus £63,750) or £326,500 for a portfolio of ten properties. That’s not to mention the net rental income generated over a 5 year period i.e. £150/mth x 10 x 60 mths = £90,000.

DO NOT OVERLOOK THE UK PROPERTY MARKET AT THIS PRESENT TIME, DON’T BELIEVE EVERYTHING YOU READ IN THE PAPERS OR LISTEN TO MISGUIDED ARMCHAIR EXPERTS. THESE OPPORTUNITIES ARE REAL AND OUT THERE NOW.

CALL US NOW TO DISCUSS THE OPPORTUNITIES AND TAILOR A PROPERTY SOURCING STRATEGY TO SUIT YOUR BUDGET AND SPECIFIC FINANCIAL GOALS.

Office: 0115 9691 073, mobile 07795 212797 or email: Source My Buy to Let