Property Sourcing In Leeds

During an in-depth consultation, we’ll chat through the different options we offer, what the anticipated outcomes would be, what is involved and how we operate.

Our goal is to really understand your needs: what is it that you want to achieve, how quickly you want to achieve it and the risk level you are comfortable at.

Once we are agreed, we then move to the next stage.

You will have a dedicated contact who will be your personal expert, and will liaise with you on potential properties. They will undertake viewings on your behalf and report back - sending photos and videos for your review.

If we think it’s a suitable match, we’ll put together a deal analysis for the property, a handy overview sheet detailing the figures for investment, improvement and returns.

Don’t have a mortgage broker, solicitor or surveyor? Don’t worry we have great companies in keys areas, who provide quality, professional service to ensure a smooth process for you! Our team will then seek to agree a optimal purchase price and close the deal.

Once the offer is accepted, we’ll oversee the purchase progression step by step, liaising with the your appointed Conveyancers and Mortgage Broker as required

We’ll book a survey to check for remedial works and then review the report with an aim to renegotiate the purchase price if required. If you have any questions throughout, we are there to answer them.

The aim is to streamline the purchase process to reach completion in a timely and stress-free manner, before collecting the keys when the completion date arrives.

This is where we really put our skills to work for you.

Our experienced team will arrange to visit the property, and undertake an indepth analysis of the property and identifying any cosmetic, remedial and compliance works required.

We’ll undertake a full optimisation analysis that includes a specific works lists, contractor estimates and a breakdown of the best ways to improve the property and prepare it for let, utilising materials and finishes carefully chosen to look great and last for the long term.

Works will be scheduled in as soon as practically possible to minimise lost income. On completion, we’ll collect the keys, take meter readings and photos of the property. Our team of contractors will then undertake the scheduled works to the property under our watchful project management, ensuring it’s compliant and has appeal for tenants.

We’ll quality check and handle final snagging, keeping you up-to-date with videos, photos and schedules.

As the project is nearing completion, the appointed letting agent will be notified to prepare the marketing.

As one of our property sourcing clients, the property will automatically receive a special discounted management package, professional photos, floor plans and virtual tours will be completed.

The letting agent will qualify all leads and book in viewings. Once they find you the right tenant, in-depth referencing confirms employment status, earnings, credit score, rental history and right to rent checks. After which, the tenancy documents are signed and issued along with prescribed information.

You will be notified of the successful completion of the application and the move in date.

You will be assigned a dedicated property manager, who will be your point of contact for everything relating to your property such as maintenance, inspections and tenancy renewals. Their aim is to ensure your property is well maintained and your income secure.

Annual rent reviews will take place, inspection reports provided and, when required, the property will be marketed well in advance to minimise void periods (often no more than a week and in student HMO’s none at all).

Often, the first property is just the start of the journey and at the end of the process, we find ourselves back together at the strategic planning stage of the cycle, reviewing the outcomes achieved and looking at the next steps. It might be that you choose to purchase another property, or multiple properties, all without having to leave home. You may decide to refinance, to release funds to purchase further properties.

Or it might be time to plan your exit, in which case we can also help you to maximise the sale value of your property, or re-sell to a new investor.

Our property sourcing service is designed to help you make the most of your investment strategy and take the hassle out of finding your next property. Whether you’re from out of town, just starting out, or a busy property professional who needs hands-on support, we can help. We’ll do the legwork, putting our network and knowledge to work to find the property that is right for you.

As an Investor, you may be looking to invest in residential property in Leeds, but do not live in Leeds. Without an up-to-date understanding of the local market it can be hard to know which areas to invest in, what size of property, and what standards you must provide to maximise your rental returns. We can be your eyes and ears on the ground and provide you with all the insight and local knowledge you need.

You may be starting out as a landlord and need some guidance, or perhaps you are an experienced Investor, but too busy to property source for yourself. Either way, our local expertise can help you build a quality residential investment portfolio in Leeds.

We can source a range of properties depending on the investment strategy. If you are seeking a straightforward ready-made investment with minimum fuss, we can find opportunities that are pre-packaged and pre-let. Alternatively, we can source empty properties, or ones in need of refurbishment.

Whatever your situation, property elevate is on hand to provide a full 360 degree service from initial sourcing, progression, optimisation, through to seamlessly transferring the property over to lettings and management and all the way through to HMO licencing and project management of a refurbishment.

Our property sourcing service includes:

• We'll then help you choose a property investment strategy, discussing criteria such as investment capital, gross yields, return on investment, risk profile, exit strategy and timescales.
• We will ascertain the types of property you wish to invest in and create a clear understanding of the budget, area, size, tenant type, capital investment required
• We will provide our local expertise in relation to the professional, student and HMO property rental market to match your investment criteria, reducing the chance of you making a poor investment choice.
• On instruction, you will be given have access to our trusted mortgage brokers, solicitors, surveying companies, accountants and Independent financial advisors.
• During a 12-week sourcing period, we will provide you with up to a total of 8 investment opportunities matching your investment criteria, and provide you links to the potential investments.
• We will undertake the viewings on your behalf, review properties that meet the criteria, and review the figures
• We will undertake an in-depth analysis and provide a deal package, which acts as an outline plan that includes refurbishment costs (where appropriate), HMO considerations and provide a breakdown of the deal, which in includes guides on expected rental returns, and net return on investment
• If we agree that the property meets your requirements, we will negotiate the purchase price with the agent or seller on your behalf.
• We will complete the sales progression, assisting with conveyancing reports and other aspects to minimise delays or issues.
• On completion we will collect the keys on your behalf
• Where properties are then being refurbished, we will project manage the works to completed, and handover to the letting agent.
• Our full 360-degree property service will allow us to ensure your new investment maximises its potential. Our service can include project managing refurbishments, HMO licencing applications, dressing and furniture packages.

Please note we cannot provide tax, pension or financial advice in relation to your property investments and strategy, however we can refer you to our trusted experts for each area.

An 'Off-Market' market property deal relies on our network of landlords and vendors, Investors, developers and local agents. We can source a range of properties depending on the investment strategy, be it a professional rental, a HMO or student let. Some investment opportunities may be pre-let creating minimum fuss for you as an Investor.

Some opportunities, whether 'On' or 'Off Market, may take further consideration, and there may be more risk attached. Careful consideration must be given to seasonal letting periods, Article 4, and cost of refurbishment. Property Elevate will always provide honest advice as well as expert lettings advice.

Once we fully understand your property purchase criteria, our property sourcing service generally covers:

• An ongoing, rigorous search for properties, both on and off the market, which match your investment criteria, providing you links to potential investments
• We will, over a 12-week period, send you up to 8 potential investments
• If you are happy with any of the opportunities we present, we will then arrange to view the property on your behalf
• We will then feedback our thoughts, based on rental returns, furniture and any refurbishment costs required, and whether there are any risk factors to consider including building issues, rental or location issues or any article 4 and HMO regulations
• Gain quotes for any necessary refurbishment or upgrade costs
• Once you are happy, we can liaise with the vendor or selling agent to negotiate an offer to purchase, and advise on terms of the sale
• We provide assistance and guidance during the sale progression where required
• Key holding / collection service on completion
• Start work to ensure the property is ready for either let/ or refurbishment

It is important that our clients structure their investment property or portfolios correctly from the start. Therefore, for those who have not looked at how best to structure their investment vehicle, we work closely with Independent Wealth Specialists and Independent Financial Advisors.

Those who are buying with a mortgage can then liaise with our partner mortgage broker to attain a mortgage in principle so that when the right property is found, we can move quickly to secure it.

We also have specialist HMO / commercial mortgage brokers to obtain the right mortgage products.