FAQs

We answer all your questions here…

If you’re considering using Area Property Investment Ltd for your next investment and have questions please have a read below.

 

If you don’t find the answer below, please email info@areapropertyinvestment.com with your questions and we will get back to you within 24hrs.

When do your deals get released?

We send out our deals to our mailing list every Tuesday at 11am. You can join our mailing list for free with no commitment by clicking the ‘signup’  button at the top of the website.

Why do we charge a finders’ fee?

We don’t work for free, Do you? We put a lot of time and effort into finding great investments. Typically we may look at 40 houses which will filter down to just a few properties that match our investment criteria.

What happens if the property falls through due to issues that arise from the survey?

We have an extensive viewing inspection form we use when we view property, all our sourcer’s have had considerable training on viewing properties. We will always carry out a full inspection however there will be occasions when we simply cannot access certain area on the property such as under the floorboards, lofts etc. If an issue arises at the point of survey which will require expensive repairs then we will liaise with the investor to assess the costs, work involved and the return on investment after the costs of repair. If the investor does not wish to proceed we will then work with them to find a suitable replacement. Please bear in mind survey reports can be a little daunting to the untrained eye. For example a recent survey came back which stated the chimney stack needed extensive repairs. When we got a builder to quote for a repair the price was just £270. So we always recommend having a quote for the repairs before withdrawing from the property.

Can I view the property before paying a reservation fee?

In simple terms, No. We will not release the property address, estate agent details, pictures etc until a fee has been paid. This is company policy to protect our invested time in sourcing the property. If you pay the fee and the property is not as we have described then you will be entitled to a refund.

What if I don’t like the look of the property or the area?

You are not going to be living there, this is an investment and you as an investor should be more concerned about the numbers not the appearance or location of the property. You might not want to live there but your tenant’s are used to living in the location so for them it’s home from home. We invest using numbers and formulas and leave our feeling’s out of it. A true investor doesn’t care what the property looks like. They care about Return on Investment. Sometimes the most profitable properties are the ugliest!

What happens if I don’t get any tenants?

We have done our due diligence on all of the properties we pass, We will only pass a property that our director’s would personally buy. However this is an investment and investment’s have risks. You should understand that rental income is not guaranteed and we are not liable whatsoever on future earnings and values. As with any investment there are risks you must assess before committing. We will provide you with as much information as we can prior to your decision.

If I cannot get a mortgage can I get a refund?

No, as an investor you should be familiar with the process of buying a property. Please speak with a broker prior to reserving any properties to establish if you are mortgage worthy and to what level you may borrow. If you reserve a property then pull out we are then out of pocket and have an unhappy vendor who has trusted us to provide a quick and sometimes time critical sale. We can provide you with details of the mortgage brokers we recommend.

Can we help with furnishings and dressing of multi-let properties?

Yes we have a great working relationship with various furnishing companies and will pass these details to any of our clients.

I want to buy but be completely hands off, can you take care of everything from conversions to furnishings?

No problem, we can assist with the whole process and you can if you want not even visit the property. Our whole idea is “Easy investing for the Busy Professional” we have many clients who simply reserve a property and then watch from a distance, we deal with everything on their behalf. Please discuss with us if this option suits your investment plans.

I want to buy multiple properties, can you offer a discounted rate?

Please call and discuss you exact requirements, in this case we will set up a sourcing agreement. You will be charged a retainer fee and we will then credit this back via a reduced finder’s fee. You will be added to our Priority Investor’s list and will have full access to every property we find that meet’s you criteria before we send to any of our list’s.

Can you assist us with viewings should we choose to source our own properties?

Please call the office and we can discuss a day rate for us to send one of our sourcers with you on your viewing day. They will assess each property as they would when sourcing for Area Property Investment Ltd. This is a great way to get a qualified second opinion and ensure you are buying a great investment.

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