We can locate properties in different regions and present you with visual and video materials. We evaluate the value, potential returns, and capital growth of properties and provide you with reports. We negotiate with sellers and their representatives on your behalf. We introduce you to accountants, lawyers, mortgage brokers, and ensure that the transaction progresses as smoothly as possible.

Benefits of Real Estate Investment with Our Company

• You don't have to pay any fees until the project is delivered by making a minimum down payment.
• You may have the chance to use a mortgage for up to 90% of the remaining amount by making a 10% down payment.
• There is usually an increase in value when the project is completed, as you enter projects early.
• Rental yields are slightly higher for new buildings compared to other options.
• Finding and re-leasing tenants is relatively easy and profitable.
• Some projects offer rental guarantees for certain periods and amounts.
• You do not pay any commission for property purchases from projects.

Our company conducts research on the investment size of construction companies, provides guarantees for the completion of previous projects, examines whether rental agreements have been made at the promised rental rates in previous projects, and provides services and documentation for off-plan property purchases, and presents them to you.

Payment and Contract Terms:

• You can pay a 10% deposit and sign an exchange contract, and pay the remaining 90% at the time of delivery.
• If you do not complete the remaining balance at the specified times, the company can forfeit your 10% deposit.

Construction Company Assurance:

What happens if the construction company fails to complete the project? You need to inquire whether the construction company is a member of the NHBC (National House Building Council). This organization provides insurance and guarantees to member construction companies. It insures the 10% you paid at exchange, and in case the construction company goes bankrupt and cannot deliver your home, it refunds you the 10%. Therefore, we advise against making interim payments until the properties are delivered.

Mortgage Information:

• If you plan to buy from the project with a Mortgage, you should not consider long-term project options if there is more than 6 months until the completion of the project.
• If there is more than 6 months until the completion of the project, you cannot apply.
• Is it possible to use Mortgage in the UK while being outside the UK? Yes, it is possible. Contrary to popular belief, the mortgage process is not a very difficult process. The system is more interested in how you use the property. If you are buying a property with rental income, a repayment plan is made based on the property's rental income, and monthly installments and down payments to be paid are determined.

For more detailed information on this topic, click on Overseas Mortgage.

This type of credit is called overseas. The number of institutions or banks offering overseas mortgages in the UK changes constantly. The reason for this is that it depends on the conditions of the country where the borrower resides. For example, if a person living in Turkey will use an overseas mortgage, companies first consider Turkey's economic situation and risk factors. Although this is not a situation specific to Turkey, it applies to all overseas customers.

• Insurance procedures and renewal monitoring
• Submission of rental declarations
• Payment of rental tax / council tax to the relevant authorities
• Payment of service charges (In the UK, service charges are paid by homeowners.) See UK service charge system.
• Renewal of the contract through lawyers in the event of a tenant change.
• Rental tracking
• Damage assessment and deposit refund and/or deduction calculation in case of tenant change
• Finding a repairman and following up on repairs and maintenance work
• Rectifying any faults or renovations that may occur in the furnishings
• And other services related to the anticipated or unanticipated tasks mentioned above.

Sales and Letting Service

When you want to Sell or Let out your property in the UK;

• Preparation of a current valuation report for your property
• Recommending your property to potential buyers/tenants in our client pool and matching them with prospective buyers
• Sharing our intention to sell with local real estate agencies to list the property on digital platforms, social media, and websites, and find potential buyers/tenants.
• Assisting you in making decisions by assessing the best offers received.
• Arranging a meeting with a lawyer when it comes to the sales stage
• Ensuring the sale of your property in the safest manner possible.

The majority of property sales in the UK are made with mortgages and commercial loans. However, unlike in Turkey, you cannot simply go to a bank and apply for a mortgage or commercial loan.

The intermediary firms that enable you to obtain a mortgage prepare the type of loan and repayment plan that suits your profile. Within the framework of this plan, they help you negotiate with suitable banks and financial institutions to obtain a mortgage or commercial loan. There are various mortgage options available. For detailed information on this topic, click on Mortgages in the UK.

Furniture Purchasing Support

If you are planning to rent out the property you are investing in in the UK, we recommend furnishing it to increase your rental income. Buying, placing, and preparing furniture for use are included in my services.

As a general idea, the cost of furnishing a 1+1 apartment with standard furniture ranges from £5000 to £7000. For a 2-bedroom apartment of standard quality, it ranges from £7000 to £9000.

Buying property in the UK is quite different from the system we are accustomed to in Turkey. It would be beneficial to have the following information before making a decision to purchase real estate. With this information, progressing through the process and tracking it will be easier and more understandable.

Proof of Source of Funds for Property Purchase (AML):

The UK has made it mandatory to prove how the money used for buying a property was obtained in order to prevent money laundering. If you cannot prove your income, we recommend reconsidering your intention to buy real estate. Therefore, the lawyer handling the transaction and the company selling the property need to conduct research on the source of funds.

For employed individuals:

• Passport and residency permit
• Pay slips
• Documents related to bonuses or profit-sharing payments
• Bank account statements

Even if support is received from relatives such as spouse, siblings, parents, etc., the individuals providing support will need to prove how they obtained the money, similar to the documents listed above.

Company Owners – Employers:

• Passport and residency permit
• Company documents (tax registration certificate, partnership structure, business activity certificate)
• Income tax declarations
• Bank account statements

In case of purchases made as gifts:

In cases of receiving gifts where the recipient pays for the gift, the source of funds for the giver also needs to be explained based on documents similar to those listed above.

Income from Selling Vehicles or Real Estate:

• The income from sales of vehicles or real estate should be documented in the title deed or notary sales contract, and the amount received from the sale should be visible in bank account statements. In other words, your sales in Turkey should reflect the amount of money you send to the UK.

Rental Income:

• If you have rental income, you will need the title deed of the property generating rental income and a copy of the rental contract.
• Bank account statements showing the rental payments received.

Interest and Stock Dividend Payments:

• Statements related to deposits and deposit interest.
• Statements showing dividends received from stocks.

During the proof of funds stage, Hazel & North provides necessary support from lawyers and financial advisors to obtain the required documents.

Once you find an option in the UK that fits your budget and payment method:

• An offer is made on your behalf.
• All negotiations to ensure the best price for your investment are managed and finalized by us.
• After agreeing on the price, the buyer's passport and address documents are sent to the selling company, and the deposit is paid.
• This paid deposit amount will be deducted from the total cost of the investment.
• In exchange for the deposit amount, a preliminary agreement or reservation form is created with the seller and sent to the buyer.
• Once an agreement is reached, lawyers are appointed to initiate the official purchase process.
• Real estate transactions in the UK are conducted through lawyers. Transactions outside of authorized lawyers are not possible.
• The seller chooses their lawyer, and the buyer also chooses their own lawyer.
• The buyer's lawyer, after opening the file, requests documents related to the source of funds to be used for the purchase of the property.

Types of Titles in the UK

Leasehold

You own the property itself. The land on which the house stands does not belong to you. The land has been leased for many years, and you have been given the right to use it.

When it's leasehold, you generally own the property for 100 years. After this period, there is no question of someone taking the property from you. You can extend the leasehold contract after receiving it.

In leasehold contracts, make sure to check and verify the remaining lease term of the property.

Another thing to note for leasehold properties is that you need at least 75 years or more of lease to obtain a mortgage. Sellers generally extend the lease if it has fallen below 75 years.

Another aspect to pay attention to in leasehold properties is the ground rent. You should definitely inquire about how much they charge and how much this fee will increase over the years.

In leasehold properties, there will also be management fees. A fee similar to the property's maintenance fee is charged. This fee is collected by the management company. You can inquire about how much they charge annually from the previous homeowner. You can ask about their expenses and future charges.

Freehold

Both the building and the land of the property belong to you.

In the UK, real estate transactions are conducted through authorized solicitors. Working with authorized solicitors is a legal requirement to ensure all bureaucratic procedures and money transfers are safe and smooth.

At Hazel & North, we work with expert solicitors. However, you are also free to choose your own solicitor if you prefer.

Considerations for Service Charges in Investment Properties

• In the UK, as in many other countries, homeowners pay service charges.
• High service charges will reduce the annual net rental income you can earn from the property.
• When selling, buyers will prefer properties with lower service charges.

Student Accommodation Investment

Commercial Property Rental Investment

Buy-Sell Profit Investment