HMO Money

15/07/2024

Derelict | Grade 2 Listed | 28 Day Auction Purchase.

At dusk it might look like something out of a horror movie!! And plenty of people would run a mile. But that is where the opportunities are often found!

Mighty pleased with the team at Harvey Bowes Financial Services for working swiftly to get this building purchased via auction for one of our valued clients.

We'll be assisting with more than just the finance, helping to put together the planning and all the reports involved in that, plus the tender, build contract and development management process.

So many investors think when you buy from auction, you need ready cash. But yet again we have proved we can raise the funds from a standing start within 28 days. Of course, it helps to have an accurate and comprehensive legal pack. It also helps to have a super professional and cooperative client who is buying it and responds promptly as we package the finance application... But ultimately it is also about our relationship with the boutique and short term financers with whom you can arrange finance fast.

16/04/2024

FINALLY ....... Planning has been granted for this city located former Artillery Hall, known as Drill Hall in Newport.

This has been quite a battle. As usual, lot's of learning. A plentiful list of Pre-Commencement Conditions can only be expected on a building like this. So more steps before getting on site.

But a big win nevertheless.

Planning for 9 apartments and a commercial unit with a lovely central courtyard.

In my capacity as a developer and finance broker I am super proud we have secured the planning after almost 4 years in the making.

Keep an eye on my socials for future progress! And for a low down on the battles in getting planning, come along to the The South Wales Property Meet on the 1st of May. You can grab tickets via Eventbrite or our website: www.southwalespropertymeet.co.uk

08/01/2024

The Pereto theory applies to property too! Have you ever noticed that the last 20% seems to take 80% of the time and effort?

Just like solicitors conveyancing transactions seem to only gather pace in the last 20% of the time available before us poor property investors are about to lose the deal… only then do they do 80% of the work they should of started months before.

Anyway, back to my property refurb Pereto. I have done tiling in the past. As a teenager for charity and community projects but never as a paid professional. Do I need to be tiling this evening after a full day at the office? No! I don’t!

But it’s a challenge I’ve enjoyed, and I’m hands on getting the project over the line. Making sure we maintain the strict deadlines and deliver.

This is an MUFB title split refurb, soon to be mortgaged and let out. Sooner we get the last 20% done, the sooner this turns into a cash flowing asset for me and two quality homes for the local community. So if that means I’m tiling to get it over the line. Then… I’m tiling.

For my property investors friends out there, please don’t ask me to tile any of your projects, but…. If you want help with the title split strategies, sourcing freehold blocks or financing them. Get in touch. I’m your man for that!!

09/02/2019

14/05/2017

Ready for the next South Wales Property Meet? Fantastic line up of speakers: Stephanie Taylor from HMO Heaven, Jeff Hancock and Adam Powell from Oblix the development finance company.

24/05/2016

Cardiff property investors network - June 2014 - not one to miss, book at www.cardiffpin.co.uk and if it's your first time, use voucher code BOWES to come as my guest and waive the £20 entrance fee.

Shared with Dropbox

29/03/2016

BTL on the BOE radar again

24/03/2016

Kevin and his team invite you to attend the KGW Business and Property Foundation Training event which takes place over 2 days. Kevin will share his successful in-depth high profit structures giving delegates a foundation toolkit to wealth creation. Approximately 50% of the training sessions focus on…

07/03/2016

Important changes to planning rules re: hmo's in Wales

Mark February 25th in your diaries, landlords, as this is the date of a new change for you. Welsh Government are bringing in changes to give local authorities in Wales the power to manage development of HMOs with fewer than 7 residents. As in England, Wales will now have a C4 planning use classifica…

08/02/2016

Cardiff pin - another great line up of speakers at the next Cardiff pin meeting, Tuesday 9th Feb. Don't miss it, book on now at www.cardiffpin.co.uk and don't forget to use voucher code BOWES if it's your first time - that will waive the £20 entrance fee as a special guest.

Mark Dearing and Cindy Williams will be speaking at the next Cardiff pin (property investors network meeting)

21/01/2016

Do you run a business in the Cardiff region? If so, you cannot afford to miss the first Celebrating Connections small business event

20/01/2016

Excellent updates from Optimise and well worth taking a few moments to read.

By Simon Misiewicz Are you looking to buy multiple properties as an investment? Have you worked out that you will pay a lot of SDLT? Please note for the purposes of this article I have ignored the 2015 budget announcement regarding 3% additional SDLT. This is covered in another article. The problem…