London investment purchase for a busy overseas client

Why they came to Stacks

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.
 

What they were looking for

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.
 

What the local area offer could offer

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.
 

How Stacks helped

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.
 

The happy outcome

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.”
 

How Stacks made a difference

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.