The Property Finance Podcast: Recent Episodes
Michael Primrose
A podcast all about funding your property developments and investments creatively and as effectively as possible! Michael Primrose is ‘The Property Finance Guy’ and has raised over £75 million in Mortgages, Bridging Loans and Development Finance. Helping Clients to fund deals with as little input as possible. This podcast will cover deal structure, products and strategy. All the while dropping golden nuggets to help you be as successful as possible.
In this episode, Michael discusses the Do's and Don't's of Development Finance. Making sure you know the best course of action when taking on Development Finance is crucial.
Also watch here on YouTube:-
https://youtu.be/dUCAsDMGcnI
Helpful Links: -www.thepropertyfinancecollective.co.ukThe Host: -With a passion for creative finance and the ability to structure deals for Finance, I love helping first time Developers and Investors to get deals packaged for the finance needed to push Property Careers forward, and to date I have raised over £250 million for Developers and InvestorsI first got into property at the age of 18 when I got into Conveyancing straight out of school. I then went into Estate Agency, back into Conveyancing and I then got into brokering at the age of 22. I decided a year and a half later that I wanted to work for myself and try and shake up the market place! At the age of 24 I set up The Property Finance Guy and became the youngest owner of a Commercial Finance Brokerage in the Country, and alongside this I now also have a successful Training Company, educating Investor and Developers on how to raise finance, and a successful Podcast.I am a keen public speaker and have delivered training and speeches to over 1000 investors and developers in the last 2 years.Socials: -Facebook - https://www.facebook.com/thepropfinguy/LinkedIn - https://www.linkedin.com/in/michael-primrose-886a365b/Instagram - https://www.instagram.com/thepropertyfinanceguy/Twitter - https://twitter.com/thepropfinguyDisclaimer: -With the market changing so quickly, the content could be out of date at the time of listening.This Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
In this episode, Michael discusses the hurdles and challenges so many of you face when getting into property. As a Broker, seeing the most common challenges is an almost daily occurrence, and Michael talks through how best to overcome these.
Also watch here on YouTube:-
https://youtu.be/jpOaDFpFwG8
Helpful Links: -www.thepropertyfinancecollective.co.ukThe Host: -With a passion for creative finance and the ability to structure deals for Finance, I love helping first time Developers and Investors to get deals packaged for the finance needed to push Property Careers forward, and to date I have raised over £250 million for Developers and InvestorsI first got into property at the age of 18 when I got into Conveyancing straight out of school. I then went into Estate Agency, back into Conveyancing and I then got into brokering at the age of 22. I decided a year and a half later that I wanted to work for myself and try and shake up the market place! At the age of 24 I set up The Property Finance Guy and became the youngest owner of a Commercial Finance Brokerage in the Country, and alongside this I now also have a successful Training Company, educating Investor and Developers on how to raise finance, and a successful Podcast.I am a keen public speaker and have delivered training and speeches to over 1000 investors and developers in the last 2 years.Socials: -Facebook - https://www.facebook.com/thepropfinguy/LinkedIn - https://www.linkedin.com/in/michael-primrose-886a365b/Instagram - https://www.instagram.com/thepropertyfinanceguy/Twitter - https://twitter.com/thepropfinguyDisclaimer: -With the market changing so quickly, the content could be out of date at the time of listening.This Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
In this series, join Michael as he embarks on his latest development, and he is taking you along for the ride! With a nothing hidden view to the inner workings of a development, from the initial negotiation of the deal, all the way through to the build and sale of the properties! Helpful Links: -www.thepropertyfinancecollective.co.ukwww.thepropertyfinanceacademy.circle.soThe Host: -With a passion for creative finance and the ability to structure deals for Finance, I love helping first time Developers and Investors to get deals packaged for the finance needed to push Property Careers forward, and to date I have raised over £100 million for Developers and InvestorsI first got into property at the age of 18 when I got into Conveyancing straight out of school. I then went into Estate Agency, back into Conveyancing and I then got into brokering at the age of 22. I decided a year and a half later that I wanted to work for myself and try and shake up the market place! At the age of 24 I set up The Property Finance Guy and became the youngest owner of a Commercial Finance Brokerage in the Country, and alongside this I now also have a successful Training Company, educating Investor and Developers on how to raise finance, and a successful Podcast.I am a keen public speaker and have delivered training and speeches to over 1000 investors and developers in the last 2 years.Socials: -Facebook - https://www.facebook.com/thepropfinguy/LinkedIn - https://www.linkedin.com/in/michael-primrose-886a365b/Instagram - https://www.instagram.com/thepropertyfinanceguy/Twitter - https://twitter.com/thepropfinguyDisclaimer: -With the market changing so quickly, the content could be out of date at the time of listening.This Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
In this episode, Michael discusses deferred payments, and how are you can use them when financing development deals to reduce your deposit.
Helpful Links: -www.thepropertyfinancecollective.co.ukwww.thepropertyfinanceacademy.circle.soThe Host: -With a passion for creative finance and the ability to structure deals for Finance, I love helping first time Developers and Investors to get deals packaged for the finance needed to push Property Careers forward, and to date I have raised over £100 million for Developers and InvestorsI first got into property at the age of 18 when I got into Conveyancing straight out of school. I then went into Estate Agency, back into Conveyancing and I then got into brokering at the age of 22. I decided a year and a half later that I wanted to work for myself and try and shake up the market place! At the age of 24 I set up The Property Finance Guy and became the youngest owner of a Commercial Finance Brokerage in the Country, and alongside this I now also have a successful Training Company, educating Investor and Developers on how to raise finance, and a successful Podcast.I am a keen public speaker and have delivered training and speeches to over 1000 investors and developers in the last 2 years.Socials: -Facebook - https://www.facebook.com/thepropfinguy/LinkedIn - https://www.linkedin.com/in/michael-primrose-886a365b/Instagram - https://www.instagram.com/thepropertyfinanceguy/Twitter - https://twitter.com/thepropfinguyDisclaimer: -With the market changing so quickly, the content could be out of date at the time of listening.This Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Michael is joined by Matthew Hope of Quantum Properties. This is a chat all about what happens when it all goes wrong before the project even starts! Matt is incredibly honest and goes in to plenty of detail about the issues he faced on getting this deal over the line.
Helpful Links: -
www.thepropertyfinancecollective.co.uk
www.thepropertyfinanceacademy.circle.so
The Host: -
With a passion for creative finance and the ability to structure deals for Finance, I love helping first time Developers and Investors to get deals packaged for the finance needed to push Property Careers forward, and to date I have raised over £100 million for Developers and Investors
I first got into property at the age of 18 when I got into Conveyancing straight out of school. I then went into Estate Agency, back into Conveyancing and I then got into brokering at the age of 22. I decided a year and a half later that I wanted to work for myself and try and shake up the market place! At the age of 24 I set up The Property Finance Guy and became the youngest owner of a Commercial Finance Brokerage in the Country, and alongside this I now also have a successful Training Company, educating Investor and Developers on how to raise finance, and a successful Podcast.
I am a keen public speaker and have delivered training and speeches to over 1000 investors and developers in the last 2 years.
Socials: -
Facebook - https://www.facebook.com/thepropfinguy/
LinkedIn - https://www.linkedin.com/in/michael-primrose-886a365b/
Instagram - https://www.instagram.com/thepropertyfinanceguy/
Twitter - https://twitter.com/thepropfinguy
Disclaimer: -
With the market changing so quickly, the content could be out of date at the time of listening.
This Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
In this series, join Michael as he embarks on his latest development, and he is taking you along for the ride! With a nothing hidden view to the inner workings of a development, from the initial negotiation of the deal, all the way through to the build and sale of the properties!
Helpful Links: -
www.thepropertyfinancecollective.co.uk
www.thepropertyfinanceacademy.circle.so
The Host: -
With a passion for creative finance and the ability to structure deals for Finance, I love helping first time Developers and Investors to get deals packaged for the finance needed to push Property Careers forward, and to date I have raised over £100 million for Developers and Investors
I first got into property at the age of 18 when I got into Conveyancing straight out of school. I then went into Estate Agency, back into Conveyancing and I then got into brokering at the age of 22. I decided a year and a half later that I wanted to work for myself and try and shake up the market place! At the age of 24 I set up The Property Finance Guy and became the youngest owner of a Commercial Finance Brokerage in the Country, and alongside this I now also have a successful Training Company, educating Investor and Developers on how to raise finance, and a successful Podcast.
I am a keen public speaker and have delivered training and speeches to over 1000 investors and developers in the last 2 years.
Socials: -
Facebook - https://www.facebook.com/thepropfinguy/
LinkedIn - https://www.linkedin.com/in/michael-primrose-886a365b/
Instagram - https://www.instagram.com/thepropertyfinanceguy/
Twitter - https://twitter.com/thepropfinguy
Disclaimer: -
With the market changing so quickly, the content could be out of date at the time of listening.
This Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Join Michael as he chats to Jake Suthers, Owner of The QS Company, as they discuss project costs and the current market
Helpful Links: -
www.thepropertyfinancecollective.co.uk
www.thepropertyfinanceacademy.circle.so
The Host: -
With a passion for creative finance and the ability to structure deals for Finance, I love helping first time Developers and Investors to get deals packaged for the finance needed to push Property Careers forward, and to date I have raised over £100 million for Developers and Investors
I first got into property at the age of 18 when I got into Conveyancing straight out of school. I then went into Estate Agency, back into Conveyancing and I then got into brokering at the age of 22. I decided a year and a half later that I wanted to work for myself and try and shake up the market place! At the age of 24 I set up The Property Finance Guy and became the youngest owner of a Commercial Finance Brokerage in the Country, and alongside this I now also have a successful Training Company, educating Investor and Developers on how to raise finance, and a successful Podcast.
I am a keen public speaker and have delivered training and speeches to over 1000 investors and developers in the last 2 years.
Socials: -
Facebook - https://www.facebook.com/thepropfinguy/
LinkedIn - https://www.linkedin.com/in/michael-primrose-886a365b/
Instagram - https://www.instagram.com/thepropertyfinanceguy/
Twitter - https://twitter.com/thepropfinguy
Disclaimer: -
With the market changing so quickly, the content could be out of date at the time of listening.
This Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Richard Stone is a Builder/Developer and Chartered Construction Manager as well as a Non-Exec, Trustee, TEDx Speaker, Public Speaker, and Coach Mentor & respected trainer with a quick wit and a great sense of humour along with a real handle of what it takes to deliver results in Construction, Property and business as well as a passion to support the learning of others. His 30+ years experience construction from building sites to senior management and board level on companies large and smallAs well as training and mentoring those in property, Richard also works with other business owners to help them maximise their profits and regain time and has become known for his ability to dispense valuable no nonsense insightful advice either as a Non Exec or in fractional roles. Respected for his extensive expertise and his unrivalled commitment to his own and others personal development as well as his work ethic.
Linktree https://linktr.ee/richardstone
Helpful Links: -
www.thepropertyfinancecollective.co.uk
www.thepropertyfinanceacademy.circle.so
The Host: -
With a passion for creative finance and the ability to structure deals for Finance, I love helping first time Developers and Investors to get deals packaged for the finance needed to push Property Careers forward, and to date I have raised over £100 million for Developers and Investors
I first got into property at the age of 18 when I got into Conveyancing straight out of school. I then went into Estate Agency, back into Conveyancing and I then got into brokering at the age of 22. I decided a year and a half later that I wanted to work for myself and try and shake up the market place! At the age of 24 I set up The Property Finance Guy and became the youngest owner of a Commercial Finance Brokerage in the Country, and alongside this I now also have a successful Training Company, educating Investor and Developers on how to raise finance, and a successful Podcast.
I am a keen public speaker and have delivered training and speeches to over 1000 investors and developers in the last 2 years.
Socials: -
Facebook - https://www.facebook.com/thepropfinguy/
LinkedIn - https://www.linkedin.com/in/michael-primrose-886a365b/
Instagram - https://www.instagram.com/thepropertyfinanceguy/
Twitter - https://twitter.com/thepropfinguy
Disclaimer: -
With the market changing so quickly, the content could be out of date at the time of listening.
This Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
A bit of a change of pace, as Michael discusses some of the biggest mistakes that he sees from Property Investors
Helpful Links: -
www.thepropertyfinancecollective.co.uk
www.thepropertyfinanceacademy.circle.so
The Host: -
With a passion for creative finance and the ability to structure deals for Finance, I love helping first time Developers and Investors to get deals packaged for the finance needed to push Property Careers forward, and to date I have raised over £100 million for Developers and Investors
I first got into property at the age of 18 when I got into Conveyancing straight out of school. I then went into Estate Agency, back into Conveyancing and I then got into brokering at the age of 22. I decided a year and a half later that I wanted to work for myself and try and shake up the market place! At the age of 24 I set up The Property Finance Guy and became the youngest owner of a Commercial Finance Brokerage in the Country, and alongside this I now also have a successful Training Company, educating Investor and Developers on how to raise finance, and a successful Podcast.
I am a keen public speaker and have delivered training and speeches to over 1000 investors and developers in the last 2 years.
Socials: -
Facebook - https://www.facebook.com/thepropfinguy/
LinkedIn - https://www.linkedin.com/in/michael-primrose-886a365b/
Instagram - https://www.instagram.com/thepropertyfinanceguy/
Twitter - https://twitter.com/thepropfinguy
Disclaimer: -
With the market changing so quickly, the content could be out of date at the time of listening.
This Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
The tables turn in this episode, as Michael is interviewed on Tom's Podcast, which can be found here - https://anchor.fm/tom-hoskin/episodes/4-Structuring-Deals-with-Creative-Finance---Michael-Primrose-e1u5pvk
Michael opens up, and shares some of the struggles that he has had during his time building his businesses. This is the reveal all interview around impostor syndrome and the issues it can bring
Helpful Links: -
www.thepropertyfinancecollective.co.uk
www.thepropertyfinanceacademy.circle.so
The Host: -
With a passion for creative finance and the ability to structure deals for Finance, I love helping first time Developers and Investors to get deals packaged for the finance needed to push Property Careers forward, and to date I have raised over £100 million for Developers and Investors
I first got into property at the age of 18 when I got into Conveyancing straight out of school. I then went into Estate Agency, back into Conveyancing and I then got into brokering at the age of 22. I decided a year and a half later that I wanted to work for myself and try and shake up the market place! At the age of 24 I set up The Property Finance Guy and became the youngest owner of a Commercial Finance Brokerage in the Country, and alongside this I now also have a successful Training Company, educating Investor and Developers on how to raise finance, and a successful Podcast.
I am a keen public speaker and have delivered training and speeches to over 1000 investors and developers in the last 2 years.
Socials: -
Facebook - https://www.facebook.com/thepropfinguy/
LinkedIn - https://www.linkedin.com/in/michael-primrose-886a365b/
Instagram - https://www.instagram.com/thepropertyfinanceguy/
Twitter - https://twitter.com/thepropfinguy
Disclaimer: -
With the market changing so quickly, the content could be out of date at the time of listening.
This Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
In this episode, Michael discusses the unbiased side of Title Splitting, and weighs up the pros and cons of the biggest strategy out there at the moment!
The calculation mentioned during the episode is the following: -
For example, if I have a block of flats that when split are worth £1m, then they are likely going to be purchasable for approximately £850,000 based on the average block discount that we see at the moment.
So if you were to go for a commercial mortgage over the block of flats, then it would look something like this: -
I HAVE LEFT FEES OUT TO KEEP IT SIMPLE
Purchase Price - £850,000
Market Value when split - £1,000,000
Mortgage at 75% LTV - £637,500
Deposit - £212,500
So in the scenario of taking a standard mortgage, you need a deposit of £212,500. You also have to wait until the title is split and your fixed term is over before you can refinance to 75% of the £1m and access the further £112,500 tied into the deal.
If you take the same deal, and use a Bridging Loan, then you would potentially be looking at figures like this: -
Purchase Price - £850,000
Market Value when split - £1,000,000
Bridging Loan at 75% LTV - £750,000
Deposit - £100,000
As you can see, using a Bridging loan significantly reduces the deposit that you need to put into the deal. The plan would be to hold on a bridge until the titles have been registered as split, which could be 6-9 months, and then drawdown on the commercial mortgage, which should replace the bridge like for like.
Obviously I have left out fees in order to keep this simple, but you would need to take into the account the fees for the bridge and the cost of the interest for the bridge (however, the property should be cash flowing, so this should ease the burden of the bridging loan interest), and assess the deal based on what suits you best at the time.
Helpful Links: -
www.thepropertyfinancecollective.co.uk
www.thepropertyfinanceacademy.circle.so
The Host: -
With a passion for creative finance and the ability to structure deals for Finance, I love helping first time Developers and Investors to get deals packaged for the finance needed to push Property Careers forward, and to date I have raised over £100 million for Developers and Investors
I first got into property at the age of 18 when I got into Conveyancing straight out of school. I then went into Estate Agency, back into Conveyancing and I then got into brokering at the age of 22. I decided a year and a half later that I wanted to work for myself and try and shake up the market place! At the age of 24 I set up The Property Finance Guy and became the youngest owner of a Commercial Finance Brokerage in the Country, and alongside this I now also have a successful Training Company, educating Investor and Developers on how to raise finance, and a successful Podcast.
I am a keen public speaker and have delivered training and speeches to over 1000 investors and developers in the last 2 years.
Socials: -
Facebook - https://www.facebook.com/thepropfinguy/
LinkedIn - https://www.linkedin.com/in/michael-primrose-886a365b/
Instagram - https://www.instagram.com/thepropertyfinanceguy/
Twitter - https://twitter.com/thepropfinguy
Disclaimer: -
With the market changing so quickly, the content could be out of date at the time of listening.
This Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
In this episode, Michael interviews Ollie Oxley, Founder of Davison Oxley Homes and the brains behind The New Build Community, a group on Facebook that now boasts over 3000 members.
Michael and Ollie discuss Donor Houses, the pitfalls of planning and the issues with the training space in the Property Sector
If you are looking to get in to developing houses, then this is the episode for you!
Helpful Links: -
www.thepropertyfinancecollective.co.uk
www.thepropertyfinanceacademy.circle.so
The Host: -
With a passion for creative finance and the ability to structure deals for Finance, I love helping first time Developers and Investors to get deals packaged for the finance needed to push Property Careers forward, and to date I have raised over £100 million for Developers and Investors
I first got into property at the age of 18 when I got into Conveyancing straight out of school. I then went into Estate Agency, back into Conveyancing and I then got into brokering at the age of 22. I decided a year and a half later that I wanted to work for myself and try and shake up the market place! At the age of 24 I set up The Property Finance Guy and became the youngest owner of a Commercial Finance Brokerage in the Country, and alongside this I now also have a successful Training Company, educating Investor and Developers on how to raise finance, and a successful Podcast.
I am a keen public speaker and have delivered training and speeches to over 1000 investors and developers in the last 2 years.
Socials: -
Facebook - https://www.facebook.com/thepropfinguy/
LinkedIn - https://www.linkedin.com/in/michael-primrose-886a365b/
Instagram - https://www.instagram.com/thepropertyfinanceguy/
Twitter - https://twitter.com/thepropfinguy
Disclaimer: -
With the market changing so quickly, the content could be out of date at the time of listening.
This Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Michael interviews Fern Roberts, and they discuss how they have both coped with mindset issues during their property careers, and how they have overcome them
https://instagram.com/fernaroberts_property
Helpful Links: -
www.thepropertyfinancecollective.co.uk
www.thepropertyfinanceacademy.circle.so
The Host: -
With a passion for creative finance and the ability to structure deals for Finance, I love helping first time Developers and Investors to get deals packaged for the finance needed to push Property Careers forward, and to date I have raised over £100 million for Developers and Investors
I first got into property at the age of 18 when I got into Conveyancing straight out of school. I then went into Estate Agency, back into Conveyancing and I then got into brokering at the age of 22. I decided a year and a half later that I wanted to work for myself and try and shake up the market place! At the age of 24 I set up The Property Finance Guy and became the youngest owner of a Commercial Finance Brokerage in the Country, and alongside this I now also have a successful Training Company, educating Investor and Developers on how to raise finance, and a successful Podcast.
I am a keen public speaker and have delivered training and speeches to over 1000 investors and developers in the last 2 years.
Socials: -
Facebook - https://www.facebook.com/thepropfinguy/
LinkedIn - https://www.linkedin.com/in/michael-primrose-886a365b/
Instagram - https://www.instagram.com/thepropertyfinanceguy/
Twitter - https://twitter.com/thepropfinguy
Disclaimer: -
With the market changing so quickly, the content could be out of date at the time of listening.
This Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Michael Primrose interviews Scott Williams, Property Investor, Mortgage Broker and all round Entrepreneur. They discuss their predictions for 2023, as we well as some top tips for anyone looking to get into property.
Helpful Links: -
www.thepropertyfinancecollective.co.uk
www.thepropertyfinanceacademy.circle.so
The Host: -
With a passion for creative finance and the ability to structure deals for Finance, I love helping first time Developers and Investors to get deals packaged for the finance needed to push Property Careers forward, and to date I have raised over £100 million for Developers and Investors
I first got into property at the age of 18 when I got into Conveyancing straight out of school. I then went into Estate Agency, back into Conveyancing and I then got into brokering at the age of 22. I decided a year and a half later that I wanted to work for myself and try and shake up the market place! At the age of 24 I set up The Property Finance Guy and became the youngest owner of a Commercial Finance Brokerage in the Country, and alongside this I now also have a successful Training Company, educating Investor and Developers on how to raise finance, and a successful Podcast.
I am a keen public speaker and have delivered training and speeches to over 1000 investors and developers in the last 2 years.
Socials: -
Facebook - https://www.facebook.com/thepropfinguy/
LinkedIn - https://www.linkedin.com/in/michael-primrose-886a365b/
Instagram - https://www.instagram.com/thepropertyfinanceguy/
Twitter - https://twitter.com/thepropfinguy
Disclaimer: -
With the market changing so quickly, the content could be out of date at the time of listening.
This Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Michael Primrose and Adam Powell of The Property Finance Collective discuss their predictions for 2023, from rates to the strategies that are growing
Helpful Links: -
www.thepropertyfinancecollective.co.uk
www.thepropertyfinanceacademy.circle.so
The Host: -
With a passion for creative finance and the ability to structure deals for Finance, I love helping first time Developers and Investors to get deals packaged for the finance needed to push Property Careers forward, and to date I have raised over £100 million for Developers and Investors
I first got into property at the age of 18 when I got into Conveyancing straight out of school. I then went into Estate Agency, back into Conveyancing and I then got into brokering at the age of 22. I decided a year and a half later that I wanted to work for myself and try and shake up the market place! At the age of 24 I set up The Property Finance Guy and became the youngest owner of a Commercial Finance Brokerage in the Country, and alongside this I now also have a successful Training Company, educating Investor and Developers on how to raise finance, and a successful Podcast.
I am a keen public speaker and have delivered training and speeches to over 1000 investors and developers in the last 2 years.
Socials: -
Facebook - https://www.facebook.com/thepropfinguy/
LinkedIn - https://www.linkedin.com/in/michael-primrose-886a365b/
Instagram - https://www.instagram.com/thepropertyfinanceguy/
Twitter - https://twitter.com/thepropfinguy
Disclaimer: -
With the market changing so quickly, the content could be out of date at the time of listening.
This Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Oliver James, marketing extraordinaire, joins Michael Primrose for a chat about all things branding, marketing and private finance. Oliver shares some golden nuggets around where to find Private Investors, and how to make yourself investible as a property entrepreneur.
Helpful Links: -
www.thepropertyfinancecollective.co.uk
www.thepropertyfinanceacademy.circle.so
The Host: -
With a passion for creative finance and the ability to structure deals for Finance, I love helping first time Developers and Investors to get deals packaged for the finance needed to push Property Careers forward, and to date I have raised over £100 million for Developers and Investors
I first got into property at the age of 18 when I got into Conveyancing straight out of school. I then went into Estate Agency, back into Conveyancing and I then got into brokering at the age of 22. I decided a year and a half later that I wanted to work for myself and try and shake up the market place! At the age of 24 I set up The Property Finance Guy and became the youngest owner of a Commercial Finance Brokerage in the Country, and alongside this I now also have a successful Training Company, educating Investor and Developers on how to raise finance, and a successful Podcast.
I am a keen public speaker and have delivered training and speeches to over 1000 investors and developers in the last 2 years.
Socials: -
Facebook - https://www.facebook.com/thepropfinguy/
LinkedIn - https://www.linkedin.com/in/michael-primrose-886a365b/
Instagram - https://www.instagram.com/thepropertyfinanceguy/
Twitter - https://twitter.com/thepropfinguy
Disclaimer: -
With the market changing so quickly, the content could be out of date at the time of listening.
This Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
In this podcast, Michael Primrose, Managing Director of The Property Finance Collective, chats to William Stokes, CEO of Co-Space. They discuss everything from Strategy to raising Private Finance. If you are looking to raise finance, this is a must listen to episode
Helpful Links: -
www.thepropertyfinancecollective.co.uk
www.thepropertyfinanceacademy.circle.so
The Host: -
With a passion for creative finance and the ability to structure deals for Finance, I love helping first time Developers and Investors to get deals packaged for the finance needed to push Property Careers forward, and to date I have raised over £100 million for Developers and Investors
I first got into property at the age of 18 when I got into Conveyancing straight out of school. I then went into Estate Agency, back into Conveyancing and I then got into brokering at the age of 22. I decided a year and a half later that I wanted to work for myself and try and shake up the market place! At the age of 24 I set up The Property Finance Guy and became the youngest owner of a Commercial Finance Brokerage in the Country, and alongside this I now also have a successful Training Company, educating Investor and Developers on how to raise finance, and a successful Podcast.
I am a keen public speaker and have delivered training and speeches to over 1000 investors and developers in the last 2 years.
Socials: -
Facebook - https://www.facebook.com/thepropfinguy/
LinkedIn - https://www.linkedin.com/in/michael-primrose-886a365b/
Instagram - https://www.instagram.com/thepropertyfinanceguy/
Twitter - https://twitter.com/thepropfinguy
Disclaimer: -
With the market changing so quickly, the content could be out of date at the time of listening.
This Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
In this episode, Michael speak to James Farge of Catalyst and Hive. They discuss how James got into the Finance Industry as well as the suite of products that Catalyst now offer to Developers, including their new Development product which has just launched
In this episode, Michael Primrose chats to Josh Knight, Senior Business Development Manager at Octane Capital about his journey within the financial world, as well as discussing Octane's specialism in complex finance and what they offer in terms of refurbishment and Buy-To-Let products.
Adam Powell talks to Amjad Ibn Abdul of Tuscan Capital to get a lender's insight into bridging finance - past, present, and future. They discuss the main challenges and opportunities for property developers, different options, how they work, rates, future products, and more.
The Importance of Controlling Finance is a 3-part series of short excerpts from Michael Primrose's presentation at the EquaAcademy Property Developers and Investors webinar held on Sept 15th. This episode looks at how you can manage your cash flow when things start to go wrong. If you haven't already listened to Parts 1 and 2 you can also catch up with these on this channel and other major podcast platforms.
The Importance of Controlling Finance is a 3-part series of short excerpts from Michael Primrose's presentation at The EquaAcademy Property Developers and Investors webinar held on Sept 15th. This episode looks at 'Managing The Cash' with Michael talking about controlling the development tranches coming from the lender, and more. Part-1 is also available looking at 'Finding The Right Lender' whilst Part-3 is coming soon covering 'What To Do When It All Goes Wrong'.
See our contact details below for any inquiries.
michael@thepropertyfinancecollective.co.uk
01775 713777
www.thepropertyfinancecollective.co.uk
The Importance of Controlling Finance is a 3-part series of short excerpts from Michael Primrose's presentation at The EquaAcademy Property Developers and Investors webinar held on Sept 15th. This episode looks at 'Finding The Right Lender'. Keep an eye for Parts 2 and 3 which will cover 'Managing The Cash' and 'What To Do When It All Goes Wrong'.
See our contact details below for any inquiries.
michael@thepropertyfinancecollective.co.uk
01775 713777
www.thepropertyfinancecollective.co.uk
Day 1.
We often hear about deal completions, how to get to completion smoothly and successfully and congratulations you have the keys! Rarely do we ever hear about what happens the day after drawdown!
Join Michael Primrose, Mark Stokes and Nigel Greene as we follow their development journey. With exclusive interviews, insights and a real time account of events. The Property Finance Collective are giving you an access all areas pass to this fantastic £2.7million development!
See our contact details below, for any enquiries.
Email - michael@thepropertyfinancecollective.co.uk or Telephone - 01775 713777
Website - www.thepropertyfinancecollective.co.uk
Please note: With the market changing so quickly, the content could be out of date at the time of listening.
See our contact details below, for any enquiries.
Email - michael@thepropertyfinancecollective.co.uk or Telephone - 01775 713777
Website - www.thepropertyfinancecollective.co.uk
Please note: With the market changing so quickly, the content could be out of date at the time of listening.
Ever get confused by HMOs? The projects, the strategies, the finance? In this episode, Michael chats about HMOs, how to use them and how to get started!
Please leave us a review and let us know what you think of our podcast channel
See our contact details below, for any enquiries
Email - michael@thepropertyfinancecollective.co.uk or Telephone - 01775 713777 Website - www.thepropertyfinancecollective.co.uk
Please note: with the market changing so quickly, the content could be out of date at the time of listening.
Take a look back with Michael at his favourite and most listened to podcast episodes.
Please leave us a review and let us know what you think of our podcast channel
See our contact details below, for any enquiries
Email - michael@thepropertyfinancecollective.co.uk or Telephone - 01775 713777 Website - www.thepropertyfinancecollective.co.uk
Please note: with the market changing so quickly, the content could be out of date at the time of listening.
Download our short Preparing for Lenders Guide by following the link below:
https://mailchi.mp/thepropertyfinancecollective.co.uk/preparing-for-lenders
See our contact details below, for any enquiries
Email - michael@thepropertyfinancecollective.co.uk or Telephone - 01775 713777 Website - www.thepropertyfinancecollective.co.uk
Please note: with the market changing so quickly, the content could be out of date at the time of listening.
See our contact details below, for any enquiries
Email - michael@thepropertyfinancecollective.co.uk or Telephone - 01775 713777 Website - www.thepropertyfinancecollective.co.uk
Please note: with the market changing so quickly, the content could be out of date at the time of listening.
Download our One Page Choosing a Broker Guide by following the link below:
https://mailchi.mp/thepropertyfinancecollective.co.uk/choosing-a-good-broker
See our contact details below, for any enquiries
Email - michael@thepropertyfinancecollective.co.uk or Telephone - 01775 713777 Website - www.thepropertyfinancecollective.co.uk
Please note: with the market changing so quickly, the content could be out of date at the time of listening.
See our contact details below, for any enquiries.
Email - michael@thepropertyfinancecollective.co.uk or Telephone - 01775 713777 Website - www.thepropertyfinancecollective.co.uk
Please note: with the market changing so quickly, the content could be out of date at the time of listening.
See our contact details below, for any enquiries.
If your current project needs a solution go to Get Finance
Email - michael@thepropertyfinancecollective.co.uk or Telephone - 01775 713777 Website - www.thepropertyfinancecollective.co.uk
Please note: with the market changing so quickly, the content could be out of date at the time of listening.
See our contact details below, for any enquiries.
Email - michael@thepropertyfinancecollective.co.uk or Telephone - 01775 713777
Website - www.thepropertyfinancecollective.co.uk
Please note: With the market changing so quickly, the content could be out of date at the time of listening.
See our contact details below, for any enquiries.
Email - michael@thepropertyfinancecollective.co.uk or Telephone - 01775 713777 Website - www.thepropertyfinancecollective.co.uk
Please note: with the market changing so quickly, the content could be out of date at the time of listening.
Email - michael@thepropertyfinancecollective.co.uk / adam@thepropertyfinancecollective.co.uk or Telephone - 01775 713777 Website - www.thepropertyfinancecollective.co.uk
Please note: with the market changing so quickly, the content could be out of date at the time of listening.
Please note: with the market changing so quickly, the content could be out of date at the time of listening. Email - michael@thepropertyfinancecollective.co.uk Telephone - 01775 713777 Website - www.thepropertyfinancecollective.co.uk
On Point Mortgages Takeover on The Property Finance Podcast with Ryan Thornber, Mortgage and Protection Advisor discussing rates, single let tenancy purchases, loan to values, residential mortgages, valuations, portfolios and affordability. Contact On Point at thepoint@onpointmortgages.com
Please note: with the market changing so quickly, the content could be out of date at the time of listening. Email - michael@thepropertyfinancecollective.co.uk Telephone - 01775 713777 Website - www.thepropertyfinancecollective.co.uk
Please note: with the market changing so quickly, the content could be out of date at the time of listening. Email - michael@thepropertyfinancecollective.co.uk Telephone - 01775 713777 Website - www.thepropertyfinancecollective.co.uk
Please note: with the market changing so quickly, the content could be out of date at the time of listening. Email - michael@thepropertyfinancecollective.co.uk Telephone - 01775 713777 Website - www.thepropertyfinancecollective.co.uk
Finance and Requirements Interview with Michael Primrose and Jerry Alexander on the Commercial Property Investors Podcast (https://www.commercialpropertyinvestor.co.uk/podcasts/)
Please note: with the market changing so quickly, the content could be out of date at the time of listening. Email - michael@thepropertyfinancecollective.co.uk Telephone - 01775 713777 Website - www.thepropertyfinancecollective.co.uk
Please note: with the market changing so quickly, the content could be out of date at the time of listening. Email - michael@thepropertyfinancecollective.co.uk Telephone - 01775 713777 Website - www.thepropertyfinancecollective.co.uk
On Point Mortgages Takeover on The Property Finance Podcast with Luke Martin, Senior Mortgage and Protection Advisor discussing rates, single let tenancy purchases, loan to values, residential mortgages, valuations, portfolios and affordability. Contact On Point at thepoint@onpointmortgages.com
Please note: with the market changing so quickly, the content could be out of date at the time of listening. Email - michael@thepropertyfinancecollective.co.uk Telephone - 01775 713777 Website - www.thepropertyfinancecollective.co.uk
Please note: with the market changing so quickly, the content could be out of date at the time of listening. Email - michael@thepropertyfinancecollective.co.uk Telephone - 01775 713777 Website - www.thepropertyfinancecollective.co.uk
Please note: with the market changing so quickly, the content could be out of date at the time of listening.
J2 Hub Podcast - https://podcasts.apple.com/gb/podcast/the-j2-hub-property-business-real-life/id1495061395
Recorded 24th April 2020. Please note: with the market changing so quickly, the content could be out of date at the time of listening.
Please note: with the market changing so quickly due to the current Covid-19 Pandemic, the content could be out of date at the time of listening.
Michael is interviewed on the Jack and Joe Show - https://shows.acast.com/the-jack-joe-show-property-business-podcast/episodes/michael-primrose-the-property-finance-collective
Please note: with the market changing so quickly due to the current Covid-19 Pandemic, the content could be out of date at the time of listening.
Michael Primrose talks effects on Development Finance during the Covid 19 lockdown with Paul Abercrombie from Bulletproof Development
Recorded 27th March 2020. Please note: with the market changing so quickly, the content could be out of date at the time of listening.
Please note: with the market changing so quickly due to the current Covid-19 Pandemic, the content could be out of date at the time of listening.
The Property Finance Guy Michael Primrose in conversation with Neville Wright, founder of Kiddicare and owner of a £50 million property portfolio. Email - michael@thepropertyfinanceguy.co.uk Telephone - 01775 713777 www.facebook.com/thepropertyfinancecollective www.thepropertyfinanceguy.co.uk Please email me any questions, that you may have, and I will endeavour to answer them on the next podcast. Please also let me know if there is anyone that you would like me to interview, or if you would like to be interviewed yourself on the podcast. These podcasts are not to be used in place of financial advice. You must take independent financial advice from a qualified independent financial advisor. These podcasts are for information purposes only
Please note: with the market changing so quickly due to the current Covid-19 Pandemic, the content could be out of date at the time of listening.
Email - michael@thepropertyfinanceguy.co.uk Telephone - 01775 713777 https://www.facebook.com/thepropertyfinanceguy/ www.thepropertyfinanceguy.co.uk Please email me any questions, that you may have, and I will endeavour to answer them on the next podcast. Please also let me know if there is anyone that you would like me to interview, or if you would like to be interviewed yourself on the podcast. These podcasts are not to be used in place of financial advice. You must take independent financial advice from a qualified independent financial advisor. These podcasts are for information purposes only
Please note: with the market changing so quickly due to the current Covid-19 Pandemic, the content could be out of date at the time of listening.
Email - michael@thepropertyfinanceguy.co.uk Telephone - 07951 802602 https://www.facebook.com/thepropertyfinanceguy/ www.thepropertyfinanceguy.co.uk Please email me any questions, that you may have, and I will endeavour to answer them on the next podcast. Please also let me know if there is anyone that you would like me to interview, or if you would like to be interviewed yourself on the podcast. These podcasts are not to be used in place of financial advice. You must take independent financial advice from a qualified independent financial advisor. These podcasts are for information purposes only
Please note: with the market changing so quickly due to the current Covid-19 Pandemic, the content could be out of date at the time of listening.
Email - michael@thepropertyfinanceguy.co.uk Telephone - 07951 802602 https://www.facebook.com/thepropertyfinanceguy/ www.thepropertyfinanceguy.co.uk Please email me any questions, that you may have, and I will endeavour to answer them on the next podcast. Please also let me know if there is anyone that you would like me to interview, or if you would like to be interviewed yourself on the podcast. These podcasts are not to be used in place of financial advice. You must take independent financial advice from a qualified independent financial advisor. These podcasts are for information purposes only
Please note: with the market changing so quickly due to the current Covid-19 Pandemic, the content could be out of date at the time of listening.
Email - michael@thepropertyfinanceguy.co.uk
Telephone - 07951 802602
https://www.facebook.com/thepropertyfinanceguy/
www.thepropertyfinanceguy.co.uk
Please email me any questions, that you may have, and I will endeavour to answer them on the next podcast. Please also let me know if there is anyone that you would like me to interview, or if you would like to be interviewed yourself on the podcast.
These podcasts are not to be used in place of financial advice. You must take independent financial advice from a qualified independent financial advisor. These podcasts are for information purposes only
Please note: with the market changing so quickly due to the current Covid-19 Pandemic, the content could be out of date at the time of listening.
Blend Network is a peer-to-peer property lending marketplace that connects lenders directly with borrowers. Lenders can lend from £1,000 to property-secured loans and earn up to 15% p.a. All Blend Network loans are secured against a first-charge on the property
Email - michael@thepropertyfinanceguy.co.uk
Telephone - 07951 802602
https://www.facebook.com/thepropertyfinanceguy/
www.thepropertyfinanceguy.co.uk
Please email me any questions, that you may have, and I will endeavour to answer them on the next podcast. Please also let me know if there is anyone that you would like me to interview, or if you would like to be interviewed yourself on the podcast.
These podcasts are not to be used in place of financial advice. You must take independent financial advice from a qualified independent financial advisor. These podcasts are for information purposes only
Please note: with the market changing so quickly due to the current Covid-19 Pandemic, the content could be out of date at the time of listening.
Bridging Vat are a specialist lender advancing short terms loans for the VAT due on commercial property purchases.
Managed by Chartered Accountants and Debt Advisory professionals with an in depth knowledge of the UK property sector, we are able to provide a unique level of expertise in both the funding and recovery of VAT.
Since inception, Bridging Vat have developed a turnkey finance solution for property developers, providing the funding of the VAT requirement and pro-active management of the recovery with HMRC; this solution provides a hands-off service for our clients, allowing them to retain capital and liquidity throughout the purchase process.
As a principal lender, Bridging Vat are able to respond quickly to client’s needs with in-house underwriting and decision making. Funds can be advanced in line with time critical completion schedules.
Mike has been working within the property sector since 1994. Having worked for major international commercial developers, distributing and selling over £100 million of properties, Mike then moved into development finance. Initially structuring and distributing asset backed securities for a number of funds.
As Sales Director of Bridging Vat, Mike is responsible for managing and assisting our growing base of broker intermediaries, as well as working closely with property developers on their VAT loan requirements.
Email - michael@thepropertyfinanceguy.co.uk
Telephone - 07951 802602
https://www.facebook.com/thepropertyfinanceguy/
www.thepropertyfinanceguy.co.uk
Please email me any questions, that you may have, and I will endeavour to answer them on the next podcast. Please also let me know if there is anyone that you would like me to interview, or if you would like to be interviewed yourself on the podcast.
These podcasts are not to be used in place of financial advice. You must take independent financial advice from a qualified independent financial advisor. These podcasts are for information purposes only
Please note: with the market changing so quickly due to the current Covid-19 Pandemic, the content could be out of date at the time of listening.
In this episode, Michael Primrose is joined by Craig Phillips of CCEO Property. They discuss raising private finance, tips on Networking and tips for newbies getting into property.
Craig Phillips can be contacted here:-
https://www.facebook.com/craig.phillips.908
Email - craig@cceoproperty.com
Please note: with the market changing so quickly due to the current Covid-19 Pandemic, the content could be out of date at the time of listening.
Email - michael@thepropertyfinanceguy.co.uk
Telephone - 07951 802602
https://www.facebook.com/thepropertyfinanceguy/
www.thepropertyfinanceguy.co.uk
Please email me any questions, that you may have, and I will endeavour to answer them on the next podcast. Please also let me know if there is anyone that you would like me to interview, or if you would like to be interviewed yourself on the podcast.
These podcasts are not to be used in place of financial advice. You must take independent financial advice from a qualified independent financial advisor. These podcasts are for information purposes only
Please note: with the market changing so quickly due to the current Covid-19 Pandemic, the content could be out of date at the time of listening.
Email - michael@thepropertyfinanceguy.co.uk Telephone - 07951 802602 https://www.facebook.com/thepropertyfinanceguy/ www.thepropertyfinanceguy.co.uk Please email me any questions, that you may have, and I will endeavour to answer them on the next podcast. Please also let me know if there is anyone that you would like me to interview, or if you would like to be interviewed yourself on the podcast. These podcasts are not to be used in place of financial advice. You must take independent financial advice from a qualified independent financial advisor. These podcasts are for information purposes only Karl Spencer is one of three Directors of Broadwing Homes and joins Michael to discuss Creative Finance, Deal Structures and how he got into Property Development with little of his own cash. Working in the property industry since 2010, Karl previously worked for Progressive Property. As the UK’s largest property education business, he ran the investment portfolio. During this time he raised £3 million in investment, and worked with a team to source and refurbish over 300 client properties. He's since worked on the conversion of commercial properties and the construction of new build housing. Working to identify potential development opportunities, Karl also builds relationships and communicates with landowners, agents, sourcing agents and works to develop the project pipeline. He also oversees the construction process alongside our main contractors and ensures marketing agents are effectively marketing properties to deliver prompt sales. Karl Spencer - 07772 960475 - karl@broadwinghomes.co.uk
Please note: with the market changing so quickly due to the current Covid-19 Pandemic, the content could be out of date at the time of listening.
Email - michael@thepropertyfinanceguy.co.uk Telephone - 07951 802602 https://www.facebook.com/thepropertyfinanceguy/ www.thepropertyfinanceguy.co.uk Please email me any questions, that you may have, and I will endeavour to answer them on the next podcast. Please also let me know if there is anyone that you would like me to interview, or if you would like to be interviewed yourself on the podcast. These podcasts are not to be used in place of financial advice. You must take independent financial advice from a qualified independent financial advisor. These podcasts are for information purposes only
MONEY. Borrowing, lending, making and losing. We know which of these we prefer, but how do you stay safe when investing in Property?
Michael Primrose, an experienced Investor and Mortgage Broker and I spent some time answering YOUR questions that you put to us on Facebook. We discuss the possibility of 100% finance, the largest and smallest deals Michael has worked on and a case study with the one and only Adam Huzzey. (he's been on the show too)
A sample of the questions we answered:
Saif Rehan: What determines you’re likely to get a B&M valuation or a Com valuation on a HMO post refurb. I’ve heard experience, I’ve heard area and various other things?
Andrew Thomas: What are they key credentials for assessing a mortgage application - credit score, etc.
Richard Dyke: We’ve seen Peer to Peer (P2P) business models making inroads into the bridging and development finance sectors over recent years. Do you see this growth continuing and the P2P lending model being applied to other areas of property finance?
Annie Boyd: Do mortgage lenders put an upper age limit on who they will lend to for BTL or HMO lending?
Karl Simpson: With regards to lease option agreements on residential properties, in terms of renting them out to tenant buyers are there any obstacles or issues with lenders arranging consent to let? Any good ways to overcome objections.
Shahbaz Khokhar: How to get valuation before work is completed? Can I run 2 lending applications same time and go with survey that's best?
This is a great podcast for anyone interested in understanding Property finance better and to see what's out there on the market and how best you could structure deals.
Michael on FB.
listen to the Tej Talks podcast here - https://podcasts.apple.com/us/podcast/tej-talks-property/id1419653019
Please note: with the market changing so quickly due to the current Covid-19 Pandemic, the content could be out of date at the time of listening.
Email - michael@thepropertyfinanceguy.co.uk
Telephone - 07951 802602
https://www.facebook.com/thepropertyfinanceguy/
www.thepropertyfinanceguy.co.uk
Please email me any questions, that you may have, and I will endeavour to answer them on the next podcast. Please also let me know if there is anyone that you would like me to interview, or if you would like to be interviewed yourself on the podcast.
These podcasts are not to be used in place of financial advice. You must take independent financial advice from a qualified independent financial advisor. These podcasts are for information purposes only
Download our One Page Choosing a Broker Guide by following the link below:
https://mailchi.mp/thepropertyfinancecollective.co.uk/choosing-a-good-broker
Please note: with the market changing so quickly due to the current Covid-19 Pandemic, the content could be out of date at the time of listening.
Email - michael@thepropertyfinanceguy.co.uk
Telephone - 07951 802602
https://www.facebook.com/thepropertyfinanceguy/
www.thepropertyfinanceguy.co.uk
Please email me any questions, that you may have, and I will endeavour to answer them on the next podcast. Please also let me know if there is anyone that you would like me to interview, or if you would like to be interviewed yourself on the podcast.
These podcasts are not to be used in place of financial advice. You must take independent financial advice from a qualified independent financial advisor. These podcasts are for information purposes only
This episode is all around how to choose a good Broker, and how to spot the below average Brokers!
Please note: with the market changing so quickly due to the current Covid-19 Pandemic, the content could be out of date at the time of listening.
Email - michael@thepropertyfinanceguy.co.uk
Telephone - 07951 802602
https://www.facebook.com/thepropertyfinanceguy/
www.thepropertyfinanceguy.co.uk
Please email me any questions, that you may have, and I will endeavour to answer them on the next podcast. Please also let me know if there is anyone that you would like me to interview, or if you would like to be interviewed yourself on the podcast.
These podcasts are not to be used in place of financial advice. You must take independent financial advice from a qualified independent financial advisor. These podcasts are for information purposes only
Please note: with the market changing so quickly due to the current Covid-19 Pandemic, the content could be out of date at the time of listening.
Email - michael@thepropertyfinanceguy.co.uk
Telephone - 07951 802602
https://www.facebook.com/thepropertyfinanceguy/
www.thepropertyfinanceguy.co.uk
Please email me any questions, that you may have, and I will endeavour to answer them on the next podcast. Please also let me know if there is anyone that you would like me to interview, or if you would like to be interviewed yourself on the podcast.
These podcasts are not to be used in place of financial advice. You must take independent financial advice from a qualified independent financial advisor. These podcasts are for information purposes only
Today's discussion is with Michael Primrose, the Property Finance Guy, looking at the ins and outs of property finance for investors. We discuss good brokers, good lenders, and how to make yourself a good borrower, as well as some strategy specific tips and tricks depending on where your focus lies.
You can listen to Inside Property Investing Podcast here - https://itunes.apple.com/gb/podcast/inside-property-investing-podcast-interviewing-inspiring/id966611455?mt=2
Please note: with the market changing so quickly due to the current Covid-19 Pandemic, the content could be out of date at the time of listening.
Email - michael@thepropertyfinanceguy.co.uk
Telephone - 07951 802602
https://www.facebook.com/thepropertyfinanceguy/
Please email me any questions, that you may have, and I will endeavour to answer them on the next podcast. Please also let me know if there is anyone that you would like me to interview, or if you would like to be interviewed yourself on the podcast.
These podcasts are not to be used in place of financial advice. You must take independent financial advice from a qualified independent financial advisor. These podcasts are for information purposes only
Please note: with the market changing so quickly due to the current Covid-19 Pandemic, the content could be out of date at the time of listening.
Email - michael@thepropertyfinanceguy.co.uk
Telephone - 07951 802602
https://www.facebook.com/thepropertyfinanceguy/
www.thepropertyfinanceguy.co.uk
Please email me any questions, that you may have, and I will endeavour to answer them on the next podcast. Please also let me know if there is anyone that you would like me to interview, or if you would like to be interviewed yourself on the podcast.
These podcasts are not to be used in place of financial advice. You must take independent financial advice from a qualified independent financial advisor. These podcasts are for information purposes only
Specifically in this section, I am going to be dealing with how lenders actually deal with theinterest when borrowing fromthem. I will be dealing withBridging Loans and Development Finance(we all know how the interest on Mortgages are dealt with!)
When taking a Bridging Loan or Development Finance, the lender will deal with the interest in one of three ways.
The first way is that they retain the interest for the term of the loan. What this means, is they keep all the interest for the term of the loan aside at the beginning, so that they are essentially paying themselves their interest back, before you have even taken the loan.
You will often see a Lender offer a ‘Gross’ facility, which they then take the interest and the fees off of, and then whatever is remaining becomes the ‘Net’ facility.
You can see in this example that you have a gross facility of £75,000, which when you take away the interest and fees, becomes £64,500. You can see that they have retained the full 12 months of interest upfront, which has accounted for £9,000 of the reduction. They have also retained the arrangement fee upfront, which accounts for the other £1,500.
By retaining the interest in this way, the Purchaser requires more than the usual 25% deposit, they actually need 37% plus their soft costs. This can make a huge difference when you are looking at your deals, so ensure you have budgeted this in correctly.
When looking at Development Finance on a retained interest basis, the Lenders will look at your build schedule to work out where you will be taking tranches down. This build schedule will often be prepared by the Contractor and may come in the form of a Gantt Chart. The Contractor will prepare this as they know when the trades are going to be coming onto the site and when they are going to be invoicing you for the works.
The Development Lender will often split their loans into two parts, and then charge the interest on these parts separately.
The first part of the development loan is the day one advance. This often works in the same way as a bridging loan and is very similar to the example above. They offer a % LTV Day one as a gross facility and they then deduct the interest on this section to create the net loan (i.e. the amount released to the solicitor towards the purchase).
The second part is the development facility. This is the section that is released in tranches to allow you to carry out the build. The Lender charges interest on this as you draw it down. Some Lenders may charge you on a daily basis, some may charge you on a monthly basis. If they charge you on a monthly basis, it means that they will charge you a full month of interest, even if you have only had that tranche for a few days of the month. Again, keep this in mind as it can have an effect on the interest that you may end up paying.
Please note: with the market changing so quickly due to the current Covid-19 Pandemic, the content could be out of date at the time of listening.
Email - michael@thepropertyfinanceguy.co.uk
Telephone - 07951 802602
https://www.facebook.com/thepropertyfinanceguy/
www.thepropertyfinanceguy.co.uk
Please email me any questions, that you may have, and I will endeavour to answer them on the next podcast. Please also let me know if there is anyone that you would like me to interview, or if you would like to be interviewed yourself on the podcast.
These podcasts are not to be used in place of financial advice. You must take independent financial advice from a qualified independent financial advisor. These podcasts are for information purposes only
Heavy refurbishment products are a subcategory of Development Finance and are suitable for developers who require finance to carry out property refurbishments incorporating some structural building work or to convert a property for residential use.
These facilities are not designed for Ground Up Developments but can normally cover everything up to this point.
They are also easier to obtain for the less experienced Developer.
These are the most common scenarios for Heavy Refurbishment:-
Single dwelling – used where the client sees the opportunity to add value by increasing the usable space in the property, perhaps with an extension or internal restructure
HMOs – either an existing HMO that requires structural changes to maximise the space available or conversions of single dwellings to HMOs
Multi-units – either complete refurbishment of multiple flats or where planning exists to convert a single dwelling into flats/ maisonettes to increase rental revenue and/ or value
Semi Commercial – likely to be the conversion of the commercial element to residential or some heavier refurbishment to the existing residential element of the security
Commercial – likely to be either under permitted development rights OR where planning permission has already been granted to convert a commercial property to residential or mixed use (65% max). Normally, no demolition can take place whilst on the loan.
If the property does not require structural work and falls more into the ‘making good’ category, then this would more than likely be a Light Refurb.
Some common uses of the Light Refurb facility are as follows: -
Purchasing a property that requires thorough cleaning and redecoration before the property can be marketed for rental/ re-sale.
Completing a complete refurbishment (non-structural) on a property that has been previously let with the view to re-let or sell on once complete.
Improving market demand by updating facilities. (new kitchen, new bathroom etc.)
Specialist property client buying a property with a known issue with the intention to remedy the issue and then rent/sell the property. (i.e. Knotweed)
As long as the borrowing falls within 65% to 70% LTGDV, then the rule of thumb is that the Lender will normally do 70% Day 1 towards the purchase and then 100% of the Build Costs.
This sort of product attracts rates from 0.64% pcm depending on the LTGDV and LTV’s taken.
Please note: with the market changing so quickly due to the current Covid-19 Pandemic, the content could be out of date at the time of listening.
Email - michael@thepropertyfinanceguy.co.uk
Telephone - 07951 802602
https://www.facebook.com/thepropertyfinanceguy/
Please email me any questions, that you may have, and I will endeavour to answer them on the next podcast. Please also let me know if there is anyone that you would like me to interview, or if you would like to be interviewed yourself on the podcast.
These podcasts are not to be used in place of financial advice. You must take independent financial advice from a qualified independent financial advisor. These podcasts are for information purposes only
G is for Gross Development Value.
For Property Developers, the Gross Development Value (GDV) is one of the most important aspects that they will monitor throughout the course of a project. It helps to highlight the end valuation of a Development, Conversion or Refurbishment.
The GDV is the estimated value that a property or new development would fetch on the open market, if it were to be sold in the current economic climate. When the valuation is carried out, the Lenders will not only take into account the current economic climate, but they will also take into account the future economic climate. For many Developers and Investors at the moment, this is having a negative effect as Valuers are obviously taking Brexit into account. Which is resulting in more conservative GDV valuations.
When instructing a Valuer to carry out a valuation on the property, the Valuer will look at current property sales prices and recent transactions in the area for similar properties. These would be carefully analysed by the Valuer, and they would then use this data to provide a comparable estimate of what properties in the same area are selling for and therefore what you could expect your property to fetch.
If, however, the Developer is not looking to sell the properties, then sales prices are not going to be of interest. Instead, establishing rental values and recent local lettings of similar properties will be of primary interest to the Developer, Lender and Valuer.
This is because on completion of their project, the Developer and the Lender will want comfort that the properties being converted/refurbed or built, will have a rental demand. The last thing a Developer or Lender will want, is empty properties!
If refinance is the exit then the Valuer will have to look at recent lettings in the same area to find comparable rental values. This information can usually be obtained from local lettings agents.
This will help to establish how much the developer can expect to rent the properties for, which can then be used to ensure that the refinance of the properties onto a mortgage will be affordable to the Developer.
The method of development appraisal that incorporates the GDV calculation is called the residual method of valuation. This is the most common and most basic formula to estimate the general value of the site is as follows:
Land = GDV – (Construction + Fees + Profit)
In this calculation:-
GDV = Gross development value as determined by the Valuer
Construction = Cost of Development or Conversion (Build Costs) as determined by a Quantity Surveyor
Fees = Borrowing costs and professional fees
Profit = Developers profit required to make the Scheme feasible (this is usually 20-25% as a minimum)
Please note: with the market changing so quickly due to the current Covid-19 Pandemic, the content could be out of date at the time of listening.
Email - michael@thepropertyfinanceguy.co.uk
Telephone - 07951 802602
https://www.facebook.com/thepropertyfinanceguy/
Please email me any questions, that you may have, and I will endeavour to answer them on the next podcast. Please also let me know if there is anyone that you would like me to interview, or if you would like to be interviewed yourself on the podcast.
These podcasts are not to be used in place of financial advice. You must take independent financial advice from a qualified independent financial advisor. These podcasts are for information purposes only
F is for Fees
Fees are always a massive source of debatewhen it comes to raising commercial finance.
When looking to raise commercial finance, you need to understand all of the fees that are involved, and how they/when arepaid.
The one that normally takes most Investors/Developers by surprise is the lenders arrangement fee. Many lenders will add this to the loan, however, some will ask for part of it upfront, and some mayask for the whole arrangement feeupfront. You need to understand how this is paidas it can be a huge surprise if you all of a sudden need to find 2% of the amount borrowed upfront. Always discuss this with the Broker upfront, as they need to understand if you are going to struggle to pay the fees upfront. It will help save time, as they will not go to Lenders that charge upfront fees.
You also need to be aware of the Exit Fee of the loan. This can also be known as an Early Repayment Charge (ERC). You need to be aware if the Lender charges an exit fee, and the terms around this exit fee. Will they drop the exit fee if you redeem very early? Will they charge you a penalty on top of the exit fee? When is the exit fee due? Is it due on redemption, or if it is a Development Loan, is it due on the sale/refinance of each unit?
On top of the exit fee, make sure that you understand if the Lender has any Extension Fees or Penalties that they will add to the loan if you run over the term. Also make sure that you understand if the interest rate of the loan will increase when you run over the term. Running over the term can be massively costly if the Lender is adding fees and increasing the interest payable.
As well as the Arrangement Fee and Exit Fee, you also need to be aware of Admin Fees, Legal Fees, Valuation Fees, QS Fees and Monitoring Surveyor Fees. Also make sure that you have accounted for Stamp Duty, as many people forget this, and depending on the size of the purchase, this can really hurt cashflow!
These fees are normally paid upfront, and depending on the size of the development, they can often set you back a good chunk of cash. The QS and MS will normally be either the same person, or two people working closely together. You will normally pay a hefty fee to the QS upfront for them to have a look over your costs and make sure that they are correct. The QS is instructed by the Lender and will either be an internal QS or a panel QS.
The MS will then charge a recurring monthly fee for the duration of the Development, and they are instructed by the Lender to monitor the scheme and ensure that all is progressing as it should be. They will also come out to the Development when you are looking to draw down a tranche of build costs from the development finance lender. They ensure that the works that you are claiming have been completed, have actually been completed. They then report to the Lender and you receive your drawdown within a week or so.
Please note: with the market changing so quickly due to the current Covid-19 Pandemic, the content could be out of date at the time of listening.
Email - michael@thepropertyfinanceguy.co.uk
Telephone - 07951 802602
https://www.facebook.com/thepropertyfinanceguy/
Please email me any questions, that you may have, and I will endeavour to answer them on the next podcast. Please also let me know if there is anyone that you would like me to interview, or if you would like to be interviewed yourself on the podcast.
These podcasts are not to be used in place of financial advice. You must take independent financial advice from a qualified independent financial advisor. These podcasts are for information purposes only
Please note: with the market changing so quickly due to the current Covid-19 Pandemic, the content could be out of date at the time of listening.
Email - michael@thepropertyfinanceguy.co.uk
Telephone - 07951 802602
https://www.facebook.com/thepropertyfinanceguy/
Please email me any questions, that you may have, and I will endeavour to answer them on the next podcast. Please also let me know if there is anyone that you would like me to interview, or if you would like to be interviewed yourself on the podcast.
These podcasts are not to be used in place of financial advice. You must take independent financial advice from a qualified independent financial advisor. These podcasts are for information purposes only
Please note: with the market changing so quickly due to the current Covid-19 Pandemic, the content could be out of date at the time of listening.
Email - michael@thepropertyfinanceguy.co.uk
Telephone - 07951 802602
https://www.facebook.com/thepropertyfinanceguy/
Please email me any questions, that you may have, and I will endeavour to answer them on the next podcast. Please also let me know if there is anyone that you would like me to interview, or if you would like to be interviewed yourself on the podcast.
These podcasts are not to be used in place of financial advice. You must take independent financial advice from a qualified independent financial advisor. These podcasts are for information purposes only
Please note: with the market changing so quickly due to the current Covid-19 Pandemic, the content could be out of date at the time of listening.
Email - michael@thepropertyfinanceguy.co.uk
Telephone - 07951 802602
https://www.facebook.com/thepropertyfinanceguy/
Please email me any questions, that you may have, and I will endeavour to answer them on the next podcast. Please also let me know if there is anyone that you would like me to interview, or if you would like to be interviewed yourself on the podcast.
These podcasts are not to be used in place of financial advice. You must take independent financial advice from a qualified independent financial advisor. These podcasts are for information purposes only
Please note: with the market changing so quickly due to the current Covid-19 Pandemic, the content could be out of date at the time of listening.
Email - michael@thepropertyfinanceguy.co.uk
Telephone - 07951 802602
https://www.facebook.com/thepropertyfinanceguy/
Please email me any questions, that you may have, and I will endeavour to answer them on the next podcast. Please also let me know if there is anyone that you would like me to interview, or if you would like to be interviewed yourself on the podcast.
These podcasts are not to be used in place of financial advice. You must take independent financial advice from a qualified independent financial advisor. These podcasts are for information purposes only
A is for ASK.
As an Investor/Developer, you need to be questioning everything, especially as everyone will be questioning you! The most important thing to do is question everything so that you understand everything, there is nothing worse than not understanding the finance that you are raising. Whether it is a BTL Mortgage, an HMO Mortgage, a Bridging Loan or a Development Loan, you need to understand what you are getting into and most importantly how to get out.
You should always be asking the following questions of your Broker/Lender (this is not an exhaustive list!): -
-
What are the costs involved in getting the finance? (what are the arrangement fees? What is the interest rate? What is the ERC/Exit Fee? What is the Broker Fee?)
-
How long is the facility? (what happens if you overrun? Will they repossess, or will they extend the term? What are the fees associated with extending the facility?)
-
When are the funds released? How quickly are they released? (this is more relevant to Development Finance that is released in tranches, but still a very important point when you are trying to cashflow projects)
-
What is your personal exposure and the LTD co exposure? (i.e what is the Personal Guarantee you will need to give, and does the Lender want a Debenture over your LTD Co?)
-
What is the Lender’s security? Will they have a first charge over the property, a second charge over the property or even a mixture of charges over your portfolio?
-
What is the exit? Are you going to sell the property or are you going to need to refinance? How will you mitigate the risks of the sale taking a long time? What if you cannot refinance the property? Will you able to pre-sell any of the units?
-
Why are you going for this product? Is it the best product available to you on the market? Is there a cheaper alternative out there? Is there a product better suited to your needs?
-
What is the process? What will the Credit process involve? How long will the process take?
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Do you need a Valuation? Do you need a Quantity Surveyor? Do you need a Monitoring Surveyor? Will the Lender want to meet you prior to Lending?
-
Are there any restrictions on the lending? For example, could you use the property as an HMO or Serviced Accommodation? Will the Lender allow you to get Tenants in place before you refinance off of Development Finance?
As you can see, there is a lot to get your head around when trying to raise finance, and this is why asking the right questions is so important.
Please note: with the market changing so quickly due to the current Covid-19 Pandemic, the content could be out of date at the time of listening.
Email - michael@thepropertyfinanceguy.co.uk
Telephone - 07951 802602
https://www.facebook.com/thepropertyfinanceguy/
This episode is about how you can use Bridging Finance to borrow against the Market Value of a property, rather than the Purchase Price. This can be very helpful when you don't have much of a deposit to put into a deal. There are now Lenders that will lend up to 80% of the Market Value, which could equate to 100% of the Purchase Price.
Please email me any questions, that you may have, and I will endeavour to answer them on the next podcast. Please also let me know if there is anyone that you would like me to interview, or if you would like to be interviewed yourself on the podcast.
These podcasts are not to be used in place of financial advice. You must take independent financial advice from a qualified independent financial advisor. These podcasts are for information purposes only
Please note: with the market changing so quickly due to the current Covid-19 Pandemic, the content could be out of date at the time of listening.
Email - michael@thepropertyfinanceguy.co.uk
Telephone - 07951 802602
This episode is an introduction to the property finance guy and bridging finance. Covering what bridging loans can be used for and the pros and cons of Bridging. This is a beginners guide on how to use bridging affectively, and in the next episode, I will go into more detail about how you can use bridging finance for below-market value purchases.
Please email me any questions, that you may have, and I will endeavour to answer them on the next podcast. Please also let me know if there is anyone that you would like me to interview, or if you would like to be interviewed yourself on the podcast.
These podcasts are not to be used in place of financial advice. You must take independent financial advice from a qualified independent financial advisor. These podcasts are for information purposes only