Blackfriars February 2018 Meeting
Development funding for HMO's and Valuation Methodology – Bruce Mainwaring
Bruce Mainwaring of Bond Finance Ltd, a city based brokerage, will be looking at HMO's though the eyes of the lender. Established in 2004, Bond Finance has a Residential / BTL department and Commercial Department and has a wealth of experience in HMO's and development funding.
During this presentation, Bruce will concentrate on:
- Since part 2 of the PRA rules, higher yielding properties need to form part of your portfolio in 2018.
- Looking at the products on the market, which allow you to fund either the purchase or purchase and build costs, to convert a C3 property to either C4 or Sui Generis and how to exit depending on the HMO product you are bringing to market.
- Focusing on how the banks instruct valuations and how to re-cycle most your cash out of the deal, so you can move on to your next deal, without waiting 6 months for the exit funding.
ALSO…. The Estate Planners Secrets – How to protect the assets you have worked hard for – John Ireland
John started Legacy Wills over twenty years ago with the aim of helping those who have worked hard to create wealth, even if most of that wealth is in their home.
At this month's pin meeting, John's talk will help you to understand the pitfalls of writing a Will, why it’s not always a good idea to use a solicitor and why leaving business shares to your spouse or partner can be the wrong thing to do.
John will also show you how to ensure that the wealth people create can be protected as fully as possible now and for generations to come.
By using a tried & tested combination of Wills, Trusts and Powers of Attorney – our homes, savings, investments, life assurance, pension plans & death-in-service benefits can be protected.