#AskaUKPropertyExpert – What’s the practicalities of investing in UK property?
Hi Arran – I am interested in investing. Please explain the purchasing process to me. What are the practical steps fron beginning to end or exchange and completion? – Darren
Hi Darren – Thank you for your question. The purchase process is straightforward as we aim to be transparent and communicate each stage clearly with the investor.
The steps are as follows:
- You will receive information about the UK investment property, detailing floor plans, location, yields on offer and the purchase price.
- The next step is to discuss the investment with your solicitors.
- If you and your solicitors agree that you are happy the contracts would then be exchanged this is essentially the process of you taking transfer.
- As the property is being built, funds are released in stages; usually at intervals, or at certain points of completion. The remaining balance will be paid upon completion.
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Who is Arran Kerkvliet?
One Touch Property has been helping people invest in UK property for the past 8 years. Arran Kerkvliet, the investment director, is originally from South Africa and has a degree in Economics and property valuation. He is keen to share some of the common things to look out for before investing in UK property. His company sources a wide range of property including student accommodation investments, high yield property such as hotel rooms and buy-to-let investments for people looking for income producing investments and diversity to their property portfolio.