Thirlmere Deacon Property Investment Magazine Issue 5 April 2021

Issue number 5, April 2021

content

Tobacco House

Market report Q1 2021

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18 Development Updates 36 New Developments on Offer in Q2

Current investment opportunities

94 UK Budget Reaction March 2021 2

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Our Recommended Mortgage Broker

A NOTE FROM THE CEO A

s the spring blossom starts to bud and the temperatures

begin to warm, the engines in the TD head offices are already running hot with activity.

We’ve had a sensational start to the year in spite of this pandemic situation rumbling on. Investors are looking for opportunities to take full advantage of the cheap lending available, the stamp duty holiday extension, exciting incentive deals on offer and the encouraging growth in certain areas of the country.

At Thirlmere Deacon we are always researching new markets and opportunities to keep a good flow of options available for investors and naturally we are

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proud to show our successes. I am

Property law in the UK is some of

happy to report that over the last

the oldest and most highly regarded

few months we have sold out of our

in the world and therefore a strong

Wolverhampton, Redditch, Preston

double digit rental income, some

sites and expect 2 out of 3 of these

steady growth alongside the security

to complete this summer ready for

of those British titles and contracts,

tenancy. The Sheffield site we

it’s easy to understand why we have

launched in February sold out in a

happy clients from over 25 nations

record 9 days and our Kingsway

already this year.

Square development in Liverpool has sold out on all of the 1 and 2 bed

I am personally excited with the new

apartments within the last

avenues we’re working on and

weeks of March.

connections we’ve made over the last 3 months. For example we’ve just

As pleasing as it is to be able to

partnered with a luxury sports

report these numbers, I would like to

magazine group and heavily invested

take this opportunity to welcome in

into our own social media team. So

some new investors to us this

expect more videos and content from

quarter. As well as the usual repeat

myself and the entire team over the

investors and referrals for whom we

coming months. But the thing that

are extremely grateful. Excitingly,

we are most proud of is that our

investors over the last few months

efforts over the last few months

have come from every corner of the

have enabled us to make a

globe. This shows that not only is

significant donation to a charity

there the continual stream of

close to our hearts – Shelter. We are

domestic investors looking to start

proud to be able to contribute to

and grow their property portfolios,

their quest to end homelessness in

but also that no matter what doom

the UK.

Have a great few months guys. Let the sun shine.

Stuart Williams

and gloom is presented in the press about the UK economy, the UK is still seen as an economic safe haven for most other nationalities worldwide.

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Q REVIEW

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T

he first three months of 2021 have been some of the busiest

in the UK property market for many years. The Stamp Duty Holiday has certainly continued to drive activity and is reported to have saved buyers over £3billion. The consistent high demand for homes has led to strong capital growth in most locations across the country. The annual price change to January 2021 was the strongest in the North West of England at 11.2%. The lowest increase in prices was witnessed in London but was still positive at 3.5%. The UK average price growth sat at 8.5% over the same period.

Source: Lighthouse Financial Advice

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In his Spring Budget 2021 the

Throughout the first 3 months of

Chancellor announced he would

2021 interest from international

extend the temporary Stamp Duty

buyers has boomed despite the

Holiday which has continued to

surcharges. The number of

fuel buyer activity. A mortgage

overseas landlords in the UK has

guarantee scheme, also announced

increased by almost 20% over the

in the Spring Budget, is set to

past 5 years. Britain’s property

further add to the momentum in

market is known to be one of the

the market. Under the scheme

most resilient in the world and

first time buyers are able to get a

this has been proven again

95% loan to value mortgage with

throughout the pandemic.

the government guaranteeing the loan.

The British National (Overseas) visa scheme has further propelled

The widely reported trend to

interest from Hong Kong buyers,

‘move to the country’ will begin

there’s reported to have been a

to slow as the vaccine is rolled

30% increase in HK buyers in

out, lockdown measures are eased

2021. Hong Kong have long had a

and people return to their offices.

vested interest in the UK property

First time buyers and professional

market with investors already

tenants alike have a clear

heavily involved in major

preference for conveniently

developments such as Media City

located, modern and low

in Manchester and Liverpool

maintenance homes – there is

Water in Liverpool.

expected to be a sharp rise in the demand for city centre flats in the coming months.

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Q

2

REVIEW

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P

roperty investing is more popular than ever as the

strength and stability of the market is so apparent compared to other much more volatile asset classes. From Brexit to changing governments and a pandemic, through it all the average UK property price has continued to rise. Proving once more that even with economic and political instability, so long as there is major undersupply of homes to the market, prices will continue to increase and property will continue to be the best performing asset class available to investors.

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MARKET REPORT Q1 2021 18

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JANUARY

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Annual house price growth hit six-year high of 7.3% at end of 2020:

A

verage house prices in December were up 0.8% on

a month-on-month basis after taking account of seasonal factors figures from Nationwide have shown.

Read more...

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Housing market sees busiest ever start to a year:

R

UK house prices at record level for fifth successive month:

T

ightmove recorded our busiest ever start to a new

year, with visits to our website up 30% on the same time period in 2020.

Read more...

he average house price in England and Wales now

stands at £326,762, establishing a new record level for the fifth consecutive month following heightened and unseasonal activity during December.

Read more...

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FEBRUARY

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Property exchanges rise by 57% in January:

T

he number of UK property exchanges rose by 57%

between 3 and 23 January, according to Knight Frank. Over the same time period, there was a 43% uplift in the quantity of offers accepted and an 18% rise in new prospective buyers.

Read more...

Private rental sector growth highest in the north:

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T

he proportion of the population in the private

rented sector in England has risen three per cent in the past decade.

Read more...

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House prices up 8.5% in 2020 amid tax holiday:

U

K house prices climbed 8.5% in 2020, the highest annual

growth rate since October 2014, according to official figures. The average UK house price reached a record high of £252,000 in December 2020, the Office for National Statistics said. The North West had the highest growth of 11.2%, while London rose just 3.5%.

Read more...

Stamp duty holiday will be extended to end of June:

R

ishi Sunak is preparing to extend the stamp duty

holiday by three months until the end of June in an attempt to keep the property market firing as Britain emerges from lockdown.

Read more...

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MARCH

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Investors see residential property as ‘a safe investment’:

W

ith savers receiving poor returns from banks and

building societies, thousands of people unsurprisingly continue to turn to residential property as a means of supplementing their income, supported by low mortgage borrowing rates, solid demand from tenants and stable yields, as buy-to-let consolidates itself as the investment of choice.

Read more...

House price growth reaches 6.9%:

A

nnual house price growth increased to 6.9% in

February, up from 6.4% in January, Nationwide’s house price index has found.

Read more...

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Rental growth reaches a record 8.0% outside London:

R

ental growth outside London has hit 8.0%, the highest

figure ever recorded by the Hamptons monthly letting index.

Read more...

Tenant demand for city living surges ahead of restrictions being lifted:

D

emand for city rental accommodation is on the

rise as tenants slowly make their way back to urban living ahead of the expected easing of lockdown restrictions on 29th March.

According to recent research from Rightmove, city centre rental enquiries have surged by as much as 126% year-on-year.

Read more...

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DEVELOPMENT UPDATES

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WARDOUR POINT / REGENT PLAZA

During March: Intumescent to

PLANNED WORKS

the structural steel to Block B has been completed.

• Block B SFS will be fully completed, and boarding will be advanced.

The Roof to Block B has also been completed and is

• Window and glass installation to Block B will continue.

now watertight. All the Mast

• Blockwork to Block B stair core will

Climbers have been installed

progress including the lift shaft.

and are in operation allowing

• The cappings to the roof of Block B

the boarding to continue to the SFS.

will be installed.

• The envelope works will begin to Block B with insulation and render

The windows to the 9th Floor Block have installed complete with glass.

ready for the brick slips.

• Metal partitions will commence for the internal walls and the MEP will commence at the same time.

The muck shift is 95% complete allowing us to

• Block C steelwork installation will continue.

commence works on Block D.

• Block D CFA piles will commence.

Piling to Block C has been

• Final drainage connections to the

completed along with the pile

sewers will commence.

caps, beams and foundations.

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DERBY COURT

Having been granted full planning

PLANNED WORKS

decision in December 2020, the concrete pads and beams have been installed, we applied for a road closure to Farnworth Street to stand a crane and now the steel frame is complete.

• Safety handrails to the perimeter of the building, • Lay floor and roof decking, concrete to floors • Install concrete staircase.

• Commence perimeter SFS.

We have lifted all the steel floor

• Commence under

decking into place ready for the

slab drainage.

concrete floors to be laid.

• Commence substructure Brick/blockwork.

Steel Frame up and now the floor and roof decking have been placed and the final few concrete beams are being excavated and concreted.

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KINGSWAY

We are currently awaiting council permission for works to resume onsite at Kingsway. A number of Covid related delays on the part of the local council are currently being resolved resulting in the current delay.

Work on site has been completed including all groundworks todate and site clearance.

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REDDITCH RESIDENCES

We are pleased to confirm that

Again, as I am sure that you are

there was a full allocation of

aware, all parties involved want

electricians and plumbers on-site

this project completed as soon as

and we are moving to the next

possible and we are all working

stage in the conversion. This we

towards this goal diligently.

hope comes as welcome news and we expect to have further trades

Work has continued in the

joining the site this week so we

background and we are happy with

should be able to put together a

the progress that has been made

quite detailed progress report and

so far with the internal structure

completion schedule in the next

being formed.

few weeks.

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GLOBEWORKS

The iconic building has had a relatively dormant period over the recent months but work has started in preparation for a full team returning. A new supply and substation have been completed which allows for an upgraded power supply to the Tower Crane and heavy machinery ready for works to commence. The necessary site checks and Health and Safety precautions are being put in place for operatives to return to full capacity also.

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WOLVERHAMPTON RESIDENCES

Our Wolverhampton project has

lower levels, but the developer is

seen continued activity on a

confident they will make up any

significant scale since the turn

lost ground over the next couple

of the year and feedback from

of weeks, as containment work

the developer is that all floors

for the necessary services nears

are progressing well. 1st fix

completion on these levels.

boarding continues at pace on the lower levels, as well as works

The large task of installing

commencing for drainage and

scaffolding is set to commence

risers on such floors, these will

soon, this will allow for the

continue up towards the top level

installation of new windows across

throughout the coming weeks.

the building. We look forward to our future updates which show the

Electricians and plumbers have

external façade of the building

been set back slightly by the

really take shape as this happens.

advancement of boarding to the 48

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PRESTON CENTRAL APARTMENTS

Our Preston development has also

in preparation for waste services.

benefitted from the workforce

We’re pleased to report this work

returning to site earlier this year.

is now complete. Elsewhere, enabling work in the basement

Since our last update, dry lining

level ready for a new substation

has now been completed across

and metering system is

all levels. In the common parts of

advancing well.

the building, containment works for services are being formed in

Scaffolding has also been erected

the corridors. In recent weeks,

over the last few days to allow for

heavy duty core drilling has taken

the installation of new external

place from the upper floors down,

windows throughout the building.

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JQ RISE

• S.106 Agreement executed 23 October 2020 • The professional team to deliver the development has been appointed and are now working in conjunction with Interserve Construction Ltd to procure the Main Design and Build contract.

• Demolition now complete • Further site investigation works and enabling works underway 52

• To be followed by ground remediation, pile probing, piling obstruction removals and piling mat formation.

• Design development & contract procurement to February 2021 • Piling works to commence 1st week March 2021 • Main Contractor targeted start on site March 2021.

• Estimated Completions, Q3/Q4 2022 53

NATEX STUDENT RESIDENCES

BLOCK A • The Steel frame of block A is now complete.

• The intumescent painting is

BLOCK B • The boarding is now installed up to level 12 and part 13.

• Windows have now been installed

now complete to the underside

up to level 11 and glass has been

of level 14, just one floor

installed progressively

remains to be sprayed.

• Mast climbers and hoists continue to operate feeding the floor plates, they have now been jumped up to level 15.

• Pods have been delivered and installed to level up to level 12 and ongoing on level 13.

• The external SFS has continued with stud work now installed to

• Partitions are now 1st fixed to levels 1 to 11 with levels 12 ongoing • 1st fix M&E installation pro - gressed well to levels 1 to 8 • The site continues to work under social distancing measures which are working well

• Structural steelwork erected to block B is nearing completion • The decking installation continues to block B • Concrete floors have been poured into the first half of the building, levels 1 - 7 • J-Safe edge protection is being progressively installed as the frame progresses • Mastclimber bases have been installed.

level 13 and part 14.

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UK BUDGET REACTION MARCH 2021

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U

K borrowing has hit a

Below we provide our initial

peacetime high as the

reaction to the Budget’s impact

Government deals with the

on company Buy-to-Let

economic and health impact of

ownership. There are many

Covid. This Budget has sought to

benefits from holding Buy-to-Let

both continue support for the

property in a company structure.

economy as it emerges from what

GetGround makes it easy and

the Government hopes is the final

cost-effective for Buy-to-Let

lockdown in response to Covid, as

investors to purchase their

well as begin the task of repairing

investment property through a UK

the UK’s finances. The success of

Limited company.

the UK vaccination programme has given economists hope that the economic rebound in 2021 will be substantial.

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SMALL COMPANIES ESCAPE CORPORATION TAX INCREASES.

The Chancellor is increasing

per company now provides an

Corporation Tax from 19% to 25%

additional advantage of creating a

(taking effect in April 2023), however

structure that will almost always

companies which have profits of £50k

benefit from the small profit rate of

or less are protected and will remain

Corporation Tax given it is unlikely

at the current Corporation Tax rate of

that one property produces profit

19%. This small profits rate, as it

exceeding the threshold.

existed in 2014 before it was axed by George Osborne, applied to companies

We should also note that the

holding Buy-to-Let property.

Chancellor has cancelled any planned increases in the Income Tax personal

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As a result, for GetGround customers

allowance until 2024 effectively

we expect no increase in Corporation

dealing a blow to landlords who

Tax. Furthermore the GetGround

qualify for this relief and hold Buy-to-

model of holding only one property

Let property in their personal name.

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STAMP DUTY HOLIDAY EXTENDED.

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The Stamp Duty Land Tax holiday,

Owning Buy-to-Let property

where a nil rate is applied to

through a company creates

property values upto £500,000,

flexibility for investors.

has been extended to 30 June 2021. Thereafter and until 30

Buy-to-Let property is often a

September 2021 the nil rate will

long term investment. Over long

apply to property values up to

time horizons many circumstances

£250,000 before returning to the

can change for an individual. It is

pre-Covid level of £125,000 in

therefore comforting to many

October 2021. We believe the

investors that owning Buy-to-Let

savings from this initiative will

property through a company

continue to support transaction

creates flexibility.

volumes through to the final quarter of 2021.

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EXAMPLES OF THIS INCLUDE: • A flexible ownership structure where existing or new investors can change ownership in the company by selling and buying shares.

• Greater legal protections afforded by company formation documents including a Shareholders’ Agreement and Articles of Association.

• More flexible inheritance and estate planning.

• Multiple routes to extract profits from the company including owner loans, dividends, pension contributions and liquidations.

• Additional routes to exit the investment and drive returns. Choose to sell the property or to sell the shares in the company.

• Company ownership opens the door to multiple tax efficiencies.

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The many benefits of owning Buyto-Let property in a company are driving record numbers of companies being incorporated for this purpose. Last year alone there were 41,700 (source: Hamptons) companies incorporated in the UK for Buy-to-Let. One of these benefits are tax efficiencies which we summarise in the table below.

PERSONAL OWNERSHIP

Same taxes as personal ownership if you rent out your property to 3rd parties

Same taxes on property purchase

Deduct mortgage interest from your tax bill

COMPANY OWNERSHIP

Replaced with a basic rate credit

This is a significant saving on its own

Efficiently take income from your property

Income Tax as profits arise

Choose between repaying an owner loan or dividends

If you sell, Stamp Duty Land Tax(SDLT) for the buyer

Buyer still pays SDLT

No SDLT when buying shares= price advantage

18% or 28% CGT tax

10% or 20% CGT tax for sale of shares

Lower Capital Gains Tax(CGT)

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At GetGround we want to educate

In the following days details of

people about the benefits of

the headline announcements in

company Buy-to-Let, then make it

the Budget will be released by the

easy and cost-effective to execute.

Treasury. We will review this and follow up on this article to

The rental sector is huge and

provide further detailed insight

growing. It plays a crucial role in life

into the changing landscape for

in the UK. We believe by increasing

the Buy-to-Let investor. In the

company Buy-to-Let we can change

meantime if you have any

the rental sector for the better by:

questions please visit our website

Reducing costs translating to better

(www.getground.co.uk) or email

returns for investors.

us on info@getground.co.uk.

Professionalising the industry and thereby raising rented property standards making it safer and more enjoyable for tenants.‍ Increasing transparency and improving governance by bringing company structure and law to the industry.

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Legal note: For information purposes only, none of the information set out here constitutes legal, tax, investment, financial, or other advice. All reasonable efforts have been made to ensure that this information is accurate and up to date; however it is not a comprehensive statement of the matters discussed and should not be relied on as such. GetGround always recommends that you take independent advice.

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NEW DEVELOPMENTS ON OFFER IN Q2 70

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LIBRARY HOUSE BRENTWOOD

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I

nvestors who have been closely

apartments finished with high-

monitoring market movements

quality fixtures and fittings.

will recognise that there’s been a shift in tenant preferences and an

In addition to the in-apartment

increased demand for homes

features, the development offers

located in commuter towns.

excellent facilities including secure bike storage, additional

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This development is an ideal

storage facilities, lift access,

opportunity for those seeking to

daytime concierge and allocated

secure a buy-to-let property in an

parking spaces (available to

established commuter location.

purchase).

Through thoughtful planning, the

Not only is the building close to

conversion makes the very most

the High Street and the many

of the available space to create

amenities in the town, but it is

unique, modern and spacious

also located just 0.4 miles from 73

the Brentwood Station where

office building into stunning

trains to London Liverpool Street

residential flats offers investors

take just 40 minutes and

an exciting opportunity.

Shenfield Station is just 1.4 miles away for an even faster

Not only is the outlook strong for

connection with London – with

capital appreciation over the

trains taking around 25 minutes to

coming years, with Savills

reach London Liverpool Street

predicting price growth in the

from Shenfield.

East of England to be 17.3% between 2020 and 2024 but

Whilst transport connections that

Homelet is predicting a 7.9%

are currently available to residents

increase in rents in the area.

are impressive, the town’s appeal is set to soar even further with the arrival of Crossrail that will

• Stunning 1 and 2 bedroom apartments

reduce the commute time even further.

• Close to the rail station and High Street

Brentwood is a popular commuter town but it doesn’t solely rely on

• 1-year rental assurance 5%

its close proximity to London to attract residents. Many desirable suburbs are nearby including

• Unique apartments with high ceilings and quality fittings

Chigwell, Ingatestone and Loughton. Stansted, Southend and

• New Home Warranty

London City Airport are all within a 40-minute drive.

• Crossrail to open in 2022 cutting commute times

Location is crucially important to the success of every investment property, located in a prime

• 17.3% predicted house price growth 2020-2024

position within a prominent commuter town, this stylish development of a commercial 74

• Secure bike storage, lift access and daytime concierge 75

TOBACCO WAREHOUSE LIVERPOOL

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ositioned in the very centre of

renovation has ensured the

Liverpool’s most ambitious

property retains much of its

regeneration programme, this

heritage and industrial features.

development is easily the most impressive option available to

The redesign of this most

investors in the city, a unique

magnificent building has been

opportunity to purchase within a

carefully thought through, an

building of historic significance.

entirely unique redevelopment that gives each of the New- York

Built in 1901, it is one of the most

loft-style apartments a very

stupendous industrial buildings in

special open plan, many duplexes,

the United Kingdom, its structure is

living spaces found in very few

Grade II listed. The sympathetic

buildings across the country.

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Each apartment is to be completed to a premium specification with beautiful detailing, double-height ceilings, stacked heritage style windows, exposed beams, cast-iron columns and exposed brickwork (where possible).

Residents will benefit from a range of luxury amenities including a private resident’s lounge and just across the dock is the award-winning Titanic Hotel that has a popular restaurant, bar and spa.

The area surrounding the building, Stanley Dock is filled with bars and restaurants, café culture is on the doorstep. The Ten Streets creative district is also nearby. The neighbourhood surrounding the development is already brimming with facilities that are set only to increase as the regeneration continues.

Residents can enjoy the building as a

• Iconic and historic building • Part of the UNESCO world heritage site • 2 and 3 bedroom apartments • Waterside location in Stanley Docks • Within walking distance of city centre • Luxury amenities • Surrounded by upcoming neighbourhood

retreat away from Liverpool’s busy city centre, located by the water with many apartments enjoying river views, yet remain within walking distance of Lime Street Station and the retail and business districts.

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CURRENT INVESTMENT OPPORTUNITIES 80

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RINGWAY NEWCASTLE

T

his development will easily be

The seven-story building features

one of the finest in the city

its own undercroft parking and, as

and is being completed by a

part of the conversion, the

developer who has an impressive

exterior will be transformed,

track record. As with all the

fitted with stinking new glazing

developments we propose to our

and entranceways. Similarly, the

clients the property and the

interior is being stripped out and

location have been carefully

replaced with beautiful one and

considered and fully vetted by our

two-bedroom residential units all

team. Originally built as an office

of which are being built to the

development, it is now the subject

latest standards for safety,

of a visionary multi-million-pound

security and energy efficiency.

conversion scheme that will create 152 top-quality apartments.

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INVESTMENT HIGHLIGHTS • Price from £144,000 • Due for completion Q3 2022 • 10% discount off market prices • 8% gross rental yield for 10 years • 3% interest on all deposits

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WARDOUR POINT

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F

eaturing a total of 183

fittings and features to appeal to

apartments arranged over 25

professional tenants.

floors, there are one, two and three-bedroom apartments and

The building also boasts many

several duplex apartments

on-site facilities including an

available to purchase.

on-site gym, residents lounge, a

Designed with modern living in

concierge service and beautifully

mind each of the luxury

landscaped gardens. Creating

apartments has been carefully

community spaces for all the

arranged with spacious, light-

residents to enjoy the gardens will

filled rooms that are ideal for

include communal growing beds.

working from home and will be completed with high specification 86

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INVESTMENT HIGHLIGHTS • Prices from £216,000 • Projected 6% rental yield • Incentives available including stamp duty contribution • Legal fees paid and 2% interest on deposited funds during construction

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PRESTON CENTRAL APARTMENTS

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P

reston Central Apartments is

the highest employment rates in

a prestigious residential

the UK, and the local economy is

development situated on the

on track to surpass £10bn by our

picturesque Winkley Square in the

scheduled completion date. Voted

very heart of Preston. Planning

the best place to live and work in

permission was granted in May

2018 by Good Growth for Cities

2020 to convert this former office

Index, Preston is becoming

space into a luxury apartment

increasingly sought after by

building and works are already

professionals, and our project is

underway at the 70 unit

directly on Winckley Square,

development which is on track to

arguably Preston’s most

complete in Q1 2022.

prestigious address and one of the most popular postcodes in the UK.

As a city, Preston boasts some of 90

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INVESTMENT HIGHLIGHTS • From £127,000 • City centre location • 8% Gross rental assurance for 10 years • Experience developer • Experienced management company

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OUR RECOMMENDED MORTGAGE BROKER 94

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KELLY RULE

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VIBE

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Finance have

Investors and Property Developers

been working

buying or refinancing properties

with Thirlmere Deacon for the

that are let. There are many

best part of a year now. We are a

Mortgage Brokers out there that

Specialist Mortgage Brokerage

source mortgages for your main

which means that we only deal

residential home and they do that

with Investment mortgages. Our

very well… we leave that to them!

client base consists of Property

This is not our area of expertise!

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All of our brokers come from the

It is very rare that we have to say

Banking sector where we have

‘Sorry, we can’t help you’. We

sold and underwritten these deals

tend to always find you a solution,

for the banks for many years.

it might just be that our solution

Therefore, we know exactly what

is a little more expensive than the

our lenders are looking for,

high street banks.

exactly where to place your application and making sure we

At VIBE Finance, we have a team

have covered all bases to avoid

a Case Managers who take your

any risks of a decline.

application over once you’re happy with the initial terms and

We have hand picked our lender

ready for a Decision in Principle.

panel that consist of a multitude

They will look after every aspect,

of tiers, starting from vanilla buy

supporting you along the way as

to let right up to really quirky

well as chasing lenders, valuers,

transactions. We help first time

solicitors and anyone else who

investors, investors with no

needs a nudge to get your

income, UK Ex-Pats and Foreign

application completed as quickly

Nationals to name a few.

as possible.

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The typical VIBE mortgage process looks like this: 100

Broker makes initial contact

Client agrees to terms and

and issues mortgage terms

provides initial VIBE Forms

VIBE Apply for a Decision in Principle from the Lender

Broker passed over to VIBE Case Managers who carry out internal checks

Client pays the application

VIBE submit a Full

and valuations fees

Application

Lender request any extra

Valuation is instructed by

documentation that is

the lender or VIBE

needed

Mortgage Offer is issued

Solicitors request funds from the lender

Solicitors are instructed

Legal enquiries go back and forth to ensure that the title is clear

It is as easy as that. Communication is key for us here at VIBE, we’re not just in a vortex that you can’t get hold of. We are on the end of the phone and/or

Completion of the purchase

email every step of the way.

If you’d like to explore finance options, please get in touch: 0203 950 7939 info@thirlmeredeacon.com

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Library House

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Thirlmere Deacon London info@thirlmeredeacon.com + 44 (0) 2039507939 Lansdowne House, Berkeley Square, Mayfair, London, W1J 6ER

Thirlmere Deacon Dubai dubai@thirlmeredeacon.com +971 (0) 4 818 7277 Floor 30, Oberoi Business Centre, Business Bay, Dubai, United Arab Emirates