How do we get our property investments deals at MPI?
At Midland Property Investments, our team works with house builders, estate agents, receivers, developers and banks. Whenever they have lots of properties for sale, we work on behalf of our investors in negotiating massively discounted deals.
As an investor, should I be concerned about getting high yield or capital return?
As an investor, you should give great consideration to both capital growth and high yield whenever you are getting involved into property investments. Capital growth is essential as it determines the price you are likely going to sell or re-mortgage the property later in the future. A high yield is equally important as it shows the financial gain from the property investment when compared to the amount spent on purchasing it. One of the main reasons most investors invest in properties is that yields are usually higher and more secured than investing in other things.
Which one is better – property mortgage or outright cash purchase?
From our vast experience, we recommend that you buy property by using mortgage because it affords you the opportunity to spread your capital across many properties which will provide chances of gaining higher return in both short and long term basis. Nevertheless, we usually also have outstanding property investments that are primarily for cash purchases. When you contact us, our consultants are going to give you the details of these property investments and also show you examples that are going to aid your decision.
Which Mortgage brokers do you recommend I use and what do they do?
We suggest that our investors make use of ‘all of market’ mortgage brokers. These brokers know all mortgage properties that each lender has on offer without giving preference to any bank. In case you do not have any mortgage broker you normally work with, our consultants at Midland Property Investments can link you up with an experienced buy to let property mortgage broker.
Which mortgage provider is the best to work with when investing in properties?
At times, the best deal in terms of getting a mortgage for an investments property may not be in the general market. There are lots of mortgage providers available that have frequently changing products. Consequently, recommendation of the mortgage product that is suitable for your personal needs and investments criteria is the duty of a professional mortgage broker. Similarly, our consultants can recommend mortgage advisors for you provided you have not hired one already.
Which agent will let out and manage my properties for me?
Based on our experience in working with agents in the past, their previous performances and the kind of services they provided in the past, we evaluate the best letting agents on every deal before giving them properties to manage.
Our investors are the ones to determine the level of management that will be provided by the letting agents. For instance, they may be the one to provide full management service for your property investment by collecting the rent, forwarding it to you and also maintaining the property or their function may be restricted to just finding tenants. If you decide to hire the service of letting agents recommended by us, they will offer you pre-negotiated, discounted charges.
There are also some properties which already have tenants that we can source for you; hence, you start getting returns from your properties right from the moment you purchase them.
Where will I get a legal advisor?
In case you do not have an existing relationship with any legal advisor, there are solicitors working with us that can help you with the legal processes involved in property investment. You will enjoy discounted fees from our solicitors due to the long existing relationships we have with them. However, if you have a preferred solicitor, you have the choice of using them.
Are there any building guarantees in place that cover my properties?
Lots of the properties we source for were built within the last ten years, hence, there is an NHBC or equivalent warranty on them. In most cases, the warranties cover any major defects that may occur to the building for up to 10 years after purchase.