Smooth Delivery Process

Receiver and BMV ( below market value ) stock of distressed properties are highly sought after and tend to sell quickly. However, by submitting a Letter of Intent (LoI) or Expression of Interest (EoI) early on, we can secure exclusivity on the distressed property investment and help manage associated costs. Ideally, the LoI should be accompanied by Proof of Funds (PoF) to confirm that the necessary funds are readily available. These documents should be sent directly from the buyer’s lawyer to the lawyer representing the seller. By placing your trust in us and following our guidance, we can ensure a swift and efficient transaction, guaranteeing the smooth transfer of off-market BMV assets. We are confident that we can provide you with the highest quality service throughout the entire process.

When negotiating on below market value distressed assets, it’s important to include an Asset Release Fee (ARF) as part of your offer, which will be invoiced immediately. This fee demonstrates to the seller that you are serious and committed to the deal. It also ensures that we have access to the full set of information and documentation required for a smooth transaction. For assets valued at over £2m, the ARF is £20k per asset. For assets under £2m, the ARF is £1,000. This fee will be deducted from the final purchase price of the distressed property investment and can be paid via bank transfer upon invoicing. By including the ARF in your offer, we can proceed quickly to gather all necessary information and arrange the timely delivery of the asset.

We have a well-refined process for handling sub-£2m assets, developed and tested with input from both our specialists and investors. Whether you're a first-time buy-to-let investor looking to build passive income, or a seasoned professional expanding your portfolio, we are here to guide you through every step of the journey.

Once the asset is confirmed, we will send you an NCNDA for signing, which will trigger the release of all relevant details about the asset. You will receive the full address, floor plans, tenancy schedules, and all other related documents of the property investment. At this point, you will also have the opportunity to arrange a viewing, conduct surveys if necessary, and carry out any additional due diligence. This process is typically allowed for a maximum of one week. If needed, we can recommend trusted professionals to assist with various aspects to ensure you make well-informed decisions. Proof of Funds (PoF) should also be provided at this stage.

Once the offer is submitted and accepted, the buyer's lawyer will send over the heads of terms and the memorandum of sale. The terms of the sale are then agreed upon, and the seller’s lawyer typically drafts the memorandum of sale. While this document is not legally binding, it outlines the key agreed terms, such as the price, dates, and any conditions. After all necessary checks are completed, both parties will sign and exchange contracts. At the point of exchange, a further 2% will be invoiced for immediate payment. This is when the sale becomes legally binding. On the agreed completion date (typically one week after exchange), the remaining funds will be transferred through the lawyers, and the asset's title will be officially transferred to the buyer via the Land Registry.