Sourcing Property: Property Investment Due Diligence Process

We source property investments in the U.K for first time buy to let investors, busy professionals and high net worth investors looking to build a property portfolio. If so, it is wise to start off with property investment due diligence.

We realise that our investors are looking for investments that provide a good return on investment and capital protection. However, it even more important that our clients do not experience capital losses with developments that do not take place. No one wants to see their hard earned cash wasted on poor investments.

When we choose to work with a new developer; we conduct a background check on the company directors and track record of the business by making use of Companies House records and National Federation of builders to see if they have any defaults or negative feedback.

Once the developer has passed the first stage of our property sourcing process, we will arrange a visit to the site location. It is vital that we visit each project site in order to understand if it is the type of property or investment that we would be comfortable in recommending to our prospective clients. Upon the site visit, we meet with the project management team and major contractors to establish if the time lines that the developer has mentioned can be implemented within according to plan and budget.

Ideally, we aim to also visit previous projects of the quality of finish that we could expect.

After meeting the developer, we get in touch with our independent solicitors for them to review the proposed purchase agreement to establish if there is anything in the fine print that could be to our client’s detriment.

We do not move ahead with the marketing of any project where we do not have a good feeling about the development team, or the suitability of the investment.

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