Cash available: £1,100,000
Property purchased: £1,000,000
Our Client
- Finance Director for a major PLC quoted in the Far East
- Aged late 50s with a teenage daughter at a UK university
Assets
- Shareholding in own company
- Share portfolio
- Cash assets
Reason for Enquiry
- Looking for good value property purchases in London and advice on areas
- Required help sourcing properties as demanding job left little time to visit London and for viewings
- Came to Ben Temple after attending a seminar in Hong Kong
- Required use of specialist local area knowledge
Temples London Role
- Retained to independently source properties
- We introduced client to mortgage adviser so debt finance could be considered
- Also retained to deal with refurbishment
Outcome
- A tour was arranged on first visit to London when several properties could be considered
- Various new properties were then considered and emailed with photos and short videos
- Two ideal properties were identified and offers made, plus a purchase agreed. Client then visited as the purchase process progressed.
Benefits
- Whole family delighted and expectations exceeded
- We saved the client time and money by negotiating a discount and taking a lead role in the purchase of the property
- Risks were minimised by careful property selection