Sourcing UK Property from abroad

Explicit content warning

10/11/23 • 33 min

Expat Property Story

#110

One of the most challenging aspects of buying UK property from abroad is sourcing deals.

Chris Dowty is the CEO of Sourcing Investments, a platform connecting investors and UK sourcing agents.

This episode will give you a better understanding of how to deal with UK sourcing agents.

Listen to understand the importance of YOU taking control of your investments and not blindly accepting recommendations without verifying them independently.

During the episode, we discuss:

· Key Questions to Ask About a Deal Involving a Sourcing Agent

· Compliance for sourcing agents

· Importance of Personal Due Diligence in Property Investment

· The Need for Investors to Follow Through on Commitments

· What makes a good UK sourcing agent

· The importance of a thorough tenant referencing process

To Join our Mailing List to access our 37 Question Due Diligence Checklist; our 23 Step Guide to Buying Property at Auction and our Monthly NewsletterTo Follow the Show on InstagramTo leave an honest review of Expat Property Story
To tell us the one thing you’re struggling with in UK property Keywords:
sourcing properties, transforming properties, student market, cost of project, duration of project, salary, benefit, turnkey providers, compliance vault, revenue-generating activities, background check, investors, capital, financing, commitment, discounts, sellers, desperate seller, special source, changes to system, relevant information, accountability, standardized ROI, loan to value, interest rate, rental income, worst case scenarios, pensions, investment manager, deal analysis, comparables, compliance, proof of funds, proof of ID.

#110

One of the most challenging aspects of buying UK property from abroad is sourcing deals.

Chris Dowty is the CEO of Sourcing Investments, a platform connecting investors and UK sourcing agents.

This episode will give you a better understanding of how to deal with UK sourcing agents.

Listen to understand the importance of YOU taking control of your investments and not blindly accepting recommendations without verifying them independently.

During the episode, we discuss:

· Key Questions to Ask About a Deal Involving a Sourcing Agent

· Compliance for sourcing agents

· Importance of Personal Due Diligence in Property Investment

· The Need for Investors to Follow Through on Commitments

· What makes a good UK sourcing agent

· The importance of a thorough tenant referencing process

Previous Episode

Unmasking the Shocking Reality of Off-Plan UK Investments

#109
This episode is a must-listen cautionary tale for time-poor expats, overseas investors and anyone else tempted by off-plan developments in the UK.

Christina Campion and her husband thought they’d bagged a bargain when they invested in the swankiest apartment on the top floor of new development overlooking a beautiful park in the centre of Preston.

But all that glitters is not gold. When they visited the property for the first time, the layout of the flat was totally different from what they’d been promised.

And what should have been a warm insulated roof was a cold slab of concrete but had nonetheless been signed off by the approved inspector.

Their tenants were literally frozen out as icy winds howled in through gaps in the extractor fan and utility bills went literally through the uninsulated roof.

But it's not all doom and gloom. Christina's story also highlights the power of taking action, and putting the pressure on developers to make necessary repairs and improvements. She shares valuable lessons learned and offers practical advice for listeners considering similar investments.

This episode covers:

The importance of having a good solicitor
The dangers of putting down more than 10% deposit
Private Building Control companies
The dangers of leasehold properties
The difficulty of getting a mortgage on an off-plan new build development
Developers selling the freehold of a building to a 3rd party

To Schedule a Zoom Call to Discuss Win-Win OpportunitiesTo Join our Mailing List to access our 37 Question Due Diligence Checklist; our 23 Step Guide to Buying Property at Auction and our Monthly NewsletterEasthams & Co Residential LettingsEpisode #7: Like Clockwork featuring Helen Godbold-EadeTo Follow the Show on InstagramTo leave an honest review of Expat Property Story
To tell us the one thing you’re struggling with in UK property Keywords:
pre-purchase evaluation, Eswatini, Swaziland, investment options, Christina Campion, off-plan property investment, new-build developments, expats, overseas investors, salespeople, good investment, bad experience, diligence, ethics, approved inspectors, building regulations, insulation, warm insulated roof, council building control, enforcement notice, mold spores, dampness, chaotic construction site, additional payment, long stop dates, fire certificate, developer's reputation, water pouring, managing company, lifts breaking down, emergency phone line

Next Episode

Building a UK Property Portfolio from Bahrain

#111

In Episode 107, we released a Seven Step guide to Building an Expat UK Property Portfolio

In this episode, Bahrain expat Rachel Wellbelove of Flex Homes takes us through her expat property story in reference to the seven steps which are:

Building your knowledge

Working out your Future Plans

Funding

Choosing a location

Choosing who to work with and who to trust

Building a network

Taking Action

During the episode, we also discuss:

· How Rachel used her SSAS pension to fund her UK property portfolio

· The importance of due diligence when deciding who to work with

· The pros and cons of ‘niching down’ on one particular business model versus diversification

To Join our Mailing List to access our 37 Question Due Diligence Checklist; our 23 Step Guide to Buying Property at Auction and our Monthly NewsletterTo Follow the Show on InstagramTo leave an honest review of Expat Property Story
To tell us the one thing you’re struggling with in UK property Keywords:
SAAS, Self-Invested Personal Pension, loan back arrangement, limited company, property, rules and regulations, capital, interest, commercial property, children's care home, joint venture, UK property portfolio, expat, 7 step process, action, network, goals, objectives, business model, diversify, niching down, geographical location, Squamish, The Alpinist, investing, podcast, blog, secondary schools, northeast, tax efficiency, due diligence, Companies House, testimonials, Margaret Thatcher, Princess Anne, fear, decision-making, heart failure, consultant, retire, travel, slates, SA, HMO, student lets, lending levels