Our clients H were investors based outside the UK. They were in need of professional, impartial advice and, as they could only be physically in London for a week, needed help to streamline their research and purchase.
A period property which could be a good base for when they need to be in London, with good rental potential when not in residence.
Clients H were totally flexible on where in London they would buy. They needed advice on which areas would match the ideal tenant profile, as well as personal requirements of nice shops and bars, plus access to the City on the underground network.
After exhaustive long-distance discussions, Stacks London previewed over 30 properties in a variety of locations which met the brief. After each viewing, Clients H received a report on each potential property, and a shortlist was drawn up for their week-long visit to London. Viewings were organised to fit their schedule, which resulted in two potential contenders for purchase. Stacks London’s subsequent due diligence revealed a lease issue with one property, and #2 became the acquisition target.
Stacks London secured a 6% reduction in the asking price, and used their trusted team of solicitors and surveyors to navigate the exchange and completion process for the clients within three weeks – a speedy result by anyone’s standards, which had the added benefit of minimising the impact of currency fluctuations.
“Thanks Sara for your hard work in finding us a flat that we love in an area that we love and for all of your frank, sage advice along the way. I doubt that we would have ever reached this stage without your invaluable assistance. You certainly made the whole process easy for us.”
Stacks London’s indepth knowledge of the London property market meant that our overseas buyer was not wasting time on evaluating unsuitable locations or properties. The client could trust our experience when making recommendations, including that we had accurately understood the relevant rental potential and tenant profiles.
Our relationships with selling agents enabled us to have priority viewing status, and allowed convenient access for our clients to properties when they were available, sometimes outside usual hours of business.
Our experience with UK property legal issues meant that the subtleties of leasehold negotiations were identified early and problems avoided.
Our network of professional support enabled a swift process and its attendant advantages.
Mr & Mrs B had friends who had successfully used Stacks in the past to move to a new area and, having reached retirement, the decision to move nearer the grandchildren was beckoning. But though this was an exciting prospect...
The clients lived in west London, but wanted to find a suitable second home to escape to from time to time. Not being familiar with the property market outside London, they came to Stacks for help in narrowing down an area and...
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When making probably the most important financial decision of your life, it pays to have the right advisors at your side.
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