Property Sourcers

We are constantly overwhelemed by client demand for BMV properties and are very keen to discuss the possibilty of forming a working relationship with you!

Presently we are looking for properties in England, Scotland and Wales. More importantly what are the benefits to you? We pay very competitive commissions for any successful deals you are able to provide - meaning you can earn a very good passive income ££££.

The Ahuja readership is in excess of 25,000, along with a private database of 600-650 pre-qualified clients, and with 10 staff!!! We have the capicity to match your deals very quickly to a buyer!

So what are we looking for?

Typically we are looking for private, soley residential, re-sale properties suitable for Buy-To-Let at around 25-30% below market value along with a private rental yield off the discounted price of 7.5%. But we will consider anything you present to us!

For London we will consider the above, around 15%-25% below market value along with a private rental yield off the discounted price of 6.5%.

How do we identify if a deal will work for us?

Market Value 
 
A good starting point is Net House Prices, start by typing in the postcode for the property and then searching for sold comparables within the past 3 months for the style of property being sold. If you draw a blank we recommend expanding the search area from 150m to 500m, this will enable you to see what has sold within the past year. When you have found suitable comparables we would expect you check to make sure they are a similar style of property to the one in question.

Another good tool is MousePrice as this can tell you sometimes how many bedrooms that a particular property sold had which can be extremely useful although be aware not 100% accurate!  
 
If you are really struggling on value but are convinced that it is right then we recommend on calling a number of local Estate Agents to see if they have completed on any properpties recently. Taking time to note the address.

We will only consider marketing a property If you can find a couple of sold comparables to back up the estimated value!

Finally it is very important that if the property is on the open market or has been on the open market within the past 6 months that the deal is negotiated off the value the property has been on the market for. This is very simply because if the property has been on the market at a lower figure it will be down valued, which will kill the deal! 

Rental Yield 
 
To work out the rental yield we recommend that you use the tools avaliable on Rightmove and search using the postcode within a ¼ mile radius taking the average this should give you a good indication as to whether the deal will work.  
 
If you are unable to find a comparable, then we suggest on you calling atleast two local letting agents and again taking the average. If the yield is 7.5%+ then call us!!

However, if the yield is lower than what we ideally are looking for, we may still consider the property if the LHA rental yield makes up for this, you can work out the LHA rental yield via the LHA Checker here. If the yield is 7.5%+ then we can still consider the deal! 

What next I have found a deal and checked the figures?

The next step is to contact the office either on 0870 990 3205 or sourcing@ahuja.co.uk. One of our sourcing team will contact you to discuss the finer detail of the deal.

We look forward to hearing from you shortly.