Our Services
Projectmanagement
Real Estate Highlights
Orange Court
Railway Inn
Coleridge
Viewings and site visits
Virtual viewings and site visits
For overseas investors, the logistics of traveling to the United Kingdom for property viewings can be both time-consuming and expensive. Yet, the decision to purchase property demands careful consideration and should not be hastily made. Recognizing this challenge, Ciconia presents a practical solution: a personalized on-site viewing conducted by one of our dedicated staff members. Prior to taking any final steps, you will receive comprehensive visual materials including photos and videos of the property. Moreover, for added convenience, we offer the option to virtually attend viewings via platforms such as FaceTime or Zoom. This enables you to thoroughly explore the property and its surroundings remotely, ensuring confidence and informed decision-making before investing in real estate. With Ciconia, navigating the process of property acquisition becomes both streamlined and accessible, empowering investors to make well-informed choices regardless of their location.
Investment Road Trip
Would you like to broaden your horizons and delve deeper into your real estate options? Embark on a investment road trip with us! Ciconia hosts these tours several times a year, offering firsthand insights into a diverse range of opportunities for real estate investors. From new construction and transformation projects to buy-to-lets and HMOs (House of Multiple Occupation), our tours encompass a comprehensive overview of the British real estate landscape. During these tours, you’ll have the opportunity to connect with our local partners, who provide valuable insights and are readily available to address any inquiries you may have. By participating, you’ll gain a nuanced understanding of the multifaceted opportunities present in the British real estate market. Beyond acquiring knowledge, investment road trips serve as invaluable networking opportunities. Engage with fellow participants and exchange experiences, fostering a collaborative environment conducive to mutual learning and growth in real estate investment. Join us on a journey to explore, connect, and expand your real estate portfolio!
Real Estate Financing
The foundation of real estate financing lies in securing an appropriate loan from a lender, complemented by equity. Typically, lenders require a form of security, often in the form of a first mortgage lien on the property.
While many investors initially opt to purchase real estate with cash for its speed and potential negotiation discounts, they later arrange for refinancing. Refinancing releases equity, which can then be reinvested in acquiring new real estate.
Utilizing a loan offers the advantage of not tying up your entire capital in a single property, thus leveraging your resources. Leverage involves expanding your equity’s reach by utilizing financing. Securing suitable real estate financing or a loan is vital for maximizing returns on equity through leverage. For instance, instead of purchasing a single property for £100,000, you could acquire three properties by borrowing £300,000 from a bank through real estate financing. The relationship between the investment property’s value and the mortgage or loan is termed loan-to-value. A loan-to-value ratio of, say, 75% indicates that 75% of the property’s value has been financed through a loan, typically leaving 25% in equity, unless the property was acquired below market value.
The feasibility of the loan amount hinges largely on the property’s appraised value, a process facilitated by an appraiser appointed by the bank. Additionally, a notary aids in the mortgage process and the establishment of charges.
Typically, properties with low individual values cannot be financed separately through a mortgage. However, if you own multiple such properties, they can be consolidated and financed collectively under one mortgage.
Financing and refinancing real estate entail a complex and time-consuming process, given the multitude of documents and lender requirements. Ciconia can connect you with suitable brokers, guiding you through the entire process to alleviate stress. This significantly enhances the likelihood of successful and expedited refinancing.
Landlord insurance
Landlord insurance covers the risks you face when letting or leasing a property that standard building and contents insurance may not cover. Also known as buy-to-let insurance, it covers you for damage to the buildings or to your contents against a range of perils such as flood, fire, burst pipes or storm. You can also choose from several optional covers like accidental damage, loss of rent, landlord emergency and legal expenses cover which covers the costs and expenses in dealing with a range of legal matters such as contract disputes, tax and VAT investigations, repossession and eviction of squatters. It sounds complicated, but we help you choose the type of insurance depending on the desired coverage and fill in all the necessary documents for you.
