Inglewood Homes

03/05/2022

As the summer months begin we're excited to see our first SSAS Joint Venture project take shape in Morecambe.

The hotel has been stripped back to brick, ceilings removed on the top floor and basement to create more space/light, new drainage system installed, steel works completed, external pump house built to create access around our guests; and the joinery work/first fix continues throughout. Our aim is to be fully operational in August 2022...

On Monday Lancaster City council approved plans for the £125m scheme. In a letter to the prime minister, the chancellor and the Levelling Up Secretary Michael Gove, the MPs said the original Eden Project had brought "over £2bn to the local economy in Cornwall".
They added that government funding was "crucial" as it would "act as a catalyst" for future investment, alongside the £55m Eden Project International (EPI) has already put in.

Our intention is to attract contractors/professionals supporting the Eden 2 project and tourists during the weekends/ holidays, once the project has been fully completed in 2024.

Our relationship with our JV and SA partners has developed over the last 12 months. The collective skills we now have allow us to work together to source, fund and develop new projects utilising personal and private funding.

If you would like to know more about how we use our SSAS, the projects we are currently involved in, or how we can potentially work together on joint venture opportunities in Morecambe, the Wirral, Wigan or Wales? Then contact [email protected] for more details

12/01/2022

Strategic land investment - Its a game changer!

Over the past 2 years we have invested our SSAS pension via different investment strategies through our company Inglewood Homes. The purpose of the SSAS is to create ongoing income whilst increasing/ doubling our pension within a 5 year period.

Since 2020 this has involved a loan-back to our business to purchase residential property in Chester creating a corporate HMO business. In addition to this we funded a development project in Bournemouth utilising the Sourced P2P platform for a 12% return. Our money was returned in September and we recently joint ventured with a developer to purchase a hotel in Morecambe. All these strategies have involved extensive research and engaging with the right people.

In addition to our hotel project, we have researched an alternative investment for our SSAS which is an investment into strategic land locally in the Chester area. By working closely with our pension provider and the land company this product has allowed us to invest part of our SSAS into the land ahead of planning permission being granted. The company acquires the land with the intention that over the next three to five years plus the company will obtain planning permission.

As an investor we receive shares and potentially 5 times our invested amount back into our SSAS. This is a higher-than-average return on conventional investments and allows us to spread the risk of our investments across multiple projects

Government targets suggest at least 240,000 new homes need to be built every year, to tackle the housing crisis in the UK. One of the government's key challenges to meeting this target is to find the land on which to build them.

Based on the above we are now looking to secure land in the following areas South Yorkshire, Leicestershire, Derbyshire, Manchester, London, Glasgow and Birmingham

If you would like to know more about our SSAS and our current projects, then please contact

[email protected]

17/12/2021

"Let's buy a hotel/guest house in Morecambe" he said?
"But it looks like 'Fawlty Towers' " she says.

Yes it does, but look at the potential!

Our first SSAS project completed in December 2020 which was a loan back to our company Inglewood Homes. This was a 3 bed family house purchased via our company and renovated into 3 corporate en suite rooms with 1 being a self contained flat. The house has been fully tenanted for 12 months providing an ongoing income to our family business

In addition to our loan back we invested 50% of our SSAS funds via the Sourced P2P platform to grow our pension pot by a further 12% over an 18 month term. This was paid back in August 2021

Our next project involves the purchase of a hotel in Morecambe and thankfully this completed this week, ready to start work in Jan/Feb 2022. This time we have joint ventured with 2 developers and provided funds over a 4 year term. For us personally this is an earn and learn project with a 10% return paid back annually into our SSAS and allowing us to learn along the way.

Our funds will be used to support the renovation of the hotel into an aparthotel with the intention of recycling our funds for the next project

High-level numbers based on current RICS valuation

Hotel current market value - £287,000
GDV trading as new 8 suite aparthotel - £905,000
(based on 70% occupancy rate)

Since 2018, Morecambe has become an attractive investment prospect following the announcement by Eden Project for the creation of their “Eden Project North” site on the seafront at Morecambe.

The Eden Project scheme will cost £80 million to deliver, and is currently subject to ongoing collaboration with Lancaster University and other private and public organisations to ensure that the benefits of the project are secure for the long term.

There are so many creative ways you can unlock your pension and fund projects either for yourself or a JV for a healthy return. This wouldn't have been possible without the the guidance and support of Immanuel Ezekiel and my pension provider. It's great to have the right people around you with the right knowledge, experience and trust. For those of you alrea

05/07/2021

I had the pleasure in being interviewed this week by Christopher Jaap and Josh Jenkins from Chester. We talked about taking control of our pension and utilising SSAS funds to kick start our property journey.

As a company director we started a Small Self Administered Scheme and made decisions on our pension in 2020/21. This involved creating a loan back to purchase a property and convert into a HMO. The HMO is owned by our business Inglewood Homes not our SSAS. In addition to this we also invested our funds with Sourced Capital for a return of 12% via their P2P platform

Our next plan is to purchase Commercial property and create an ongoing income for our SSAS Family Trust. We may consider pooling our SSAS funds with other investors to increase our purchasing costs therefore increasing our revenue. Or we may invest in strategic land for a higher return. So many choices but that's the flexibility of a SSAS!

Did you know you can invest your SSAS in stocks and shares, gold, cryptocurrencies, property crowdfunding, property loan notes, your own business and loans to an unconnected 3rd party

If you would like to know more about SSAS and our future projects then contact [email protected]

"Have you ever checked your pension statement?" that's the first question Johnny Burnham asks in this episode of Property Pals Podcast. Investing using SSAS ...

12/05/2021

Sourced Chester have investors looking for Self Contained Apartment Blocks in Liverpool, Manchester and Leeds

Investors have funds ready and willing to exchange in 10 working days

11/05/2021

Sourced Chester are pleased to present another portfolio in Liverpool.

This portfolio produces excellent returns and can be split into smaller tranches of 5, 10 or 15 tenanted houses

For more details on this portfolio and other property acquisitions please contact [email protected]

06/04/2021

At the weekend we read a great article in the Sunday Times promoting the benefits of SSAS

The article highlights the opportunities of utilising pension funds to support the growth of businesses instead of a traditional loan from a bank. In this environment it gives people choice of who to approach for funding.

A SSAS has to be registered and approved by HMRC and regulated by the Pension provider. They benefit from the usual tax reliefs afforded to pension schemes such as contributions being deductible against tax, no one income tax or capital gains tax on investments and a tax free lump sum on retirement.

They are able to invest directly in Commercial property similar to a self invested personal pension (SIPP) but with pooled funds alongside private equity and more mainstream Investments, such as stocks funds and investment trusts.

We have an independent trustee called the Whitehall Group and they manage the administration of our pension and provide guidance when required when reviewing new investment products

If you are interested in SSAS or any of our projects then please contact [email protected]

01/04/2021

As we continue to research our next strategy we find out how profitable and flexible a SSAS is.

With the unique power of the SSAS pension you can make your own pension and property decisions without being tied to confusing and non transparent pension companies. It's your money; your company your decisions, but its also your risk!

We are keen to learn from other SSAS investors and share our experiences with you. We are only 18 months into this journey!

For more information on our current projects and investments please contact myself [email protected]

23/03/2021

SSAS pensions may have been around since the 1970s, yet still far too few realise their full potential. Whether investing in property, growing a business or tax efficiency and an early retirement is the goal, the unique flexibility of a SSAS pension is unparalleled

We started our journey in September 2019 and our pension pot continues to grow. We can also pool funds by inviting other companies to join our SSAS. This offers unique tax efficiency and inheritance advantages that are not available through other pension schemes

For our next strategy we may consider Commercial property:

This has a broad meaning and includes land for development, high street premises, factories, car parks, hotels or pubs, care homes, designated Student Halls of Residence and much more

05/02/2021

Sourced Chester are pleased to present this fully licensed 7 bed HMO in Blackpool.

This property generates:
Net income: £25,887
Net Yield: 7.71%

Asking Price OIRO £260,000

For more details contact [email protected]

05/02/2021

Sourced Chester are excited to present this off market Public House in Liverpool

This development consists of 6 Apartments and 8 Bathrooms and is perfectly located near to the City Centre and next to Liverpool Football Stadium. An ideal investment for Professionals or Service Accommodation

£400,000 (OIRO)

For more details please contact [email protected]

01/02/2021

Sourced Chester are pleased to present this 23 bed HMO in Greater Manchester.

Asking Price: £1.175M
Anticipated Gross Income £145,000
Anticipated Annual Costs £16,000
Local Management Fees: 8% + VAT

Anticipated Net Income £117,000
Anticipated Net Yield = 10%

For more details contact [email protected]