PROPERTY INVESTMENT
Property as an asset class within any investment portfolio always has its place, whether as part of a free investment portfolio or a pension portfolio.
Trafalgar Square can advise on where property investment can be purchased for capital growth or income, and then work to match purchase requirements to the lending options available.
PORTFOLIO RE-GEARING
As a property portfolio evolves, capital growth may create an opportunity to extract equity via re-gearing. Trafalgar Square will work closely with clients to identify the most effective way to do this, based on flexibility, timing and cost.
In some situations the portfolio re-gearing should be undertaken with some future flexibility in mind and, as such, Trafalgar Square can arrange Forward Buying Facilities for clients; this will then give them the ability to purchase new properties at speed.
GENERAL INSURANCE
Trafalgar Square can place Buildings and Contents Insurance using a variety of lenders depending on a client’s requirement for cover. In addition to this the company can establish Accident, Sickness and Unemployment Cover, which is set up on the basis that the longer one waits to claim, the cheaper the cover becomes.
SECURED LENDING
Where there is a first charge (the main loan or mortgage) on a property, and it is disadvantageous to move lenders or take a Further Advance, a Secured Loan can be added. Secured loans can be taken from 85% to 90% of the value of a property.
The advantage of secured loans is that they can be ‘status’ or ‘non-status’, and do not require legal fees or lender fees. A disadvantage is that they are generally structured on a capital & repayment basis over a 5 to 25 year period.
Trafalgar Square can advise in all secured-lending circumstances and arrange appropriately.
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PROTECTION
Trafalgar Square can set up protection in single or joint names to cover the eventuality of Death or Critical Illness. This can be structured to be Level Cover over the term of the mortgage (where it is an interest only mortgage and payments remain the same each month) or Mortgage Protection (where the mortgage is capital & repayment and match the decreasing mortgage payments over the term of the mortgage). There are also other types of cover that can be examined and provided to deal with prolonged periods of illness.
BRIDGING FINANCE
There are occasions where, for a variety of reasons, it may be necessary to provide temporary Bridging Finance over a short period. Trafalgar Square can organise this finance for clients with various Bridging Finance companies. The ‘bridge’ is normally based on 75% of the value of the property and typically can be put together in 5 to 10 working days. It attracts a set-up fee, monthly interest and an exit fee.
NEW BUILD FINANCE
Trafalgar Square will work with clients to find them lenders on all new-build or refurbishment property applications. Individuals are either building a brand new property or completely refurbishing an existing one. The options are to set up 95% finance on the purchase of the land or property and 95% of the building costs. The money for the build costs are paid in four staged payments and are normally accompanied by an architect’s planning schedule.
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