FAULKNER INTERNATIONAL

1
FAULKNER INTERNATIONAL
Investment Buy-to-Let
2
Investment Buy to Let Scheme
Non UK resident clients of Faulkner International
can now purchase property in the UK for
investment, long term hold, immediate or future
personal occupation or resale. Faulkner
International are pleased to offer their services
to assist non UK resident clients to purchase
their own freehold property in the UK, either
Existing properties or New Build properties, Off
Plan or existing built new development stock are
available all over the UK to the clients
specification. Faulkner International will take
an initial brief from the client and from their
operation in the UK, locate the property, arrange
the mortgage, instruct conveyancers to proceed
and complete the purchase, instruct the surveyors
to independently confirm the property valuation
for mortgage purposes, instruct a letting agents
to securely let and manage the property, if
required. In fact a complete "Turn Key" service
exclusively for all Faulkner International
clients regardless of Nationality, but subject to
status, in most cases. Full freehold title is
available directly to the purchaser. This service
is not a fund, group ownership or a time share
scheme. The properties can be houses,
apartments, cottages, mansions, in fact any
residential property. All funds to purchase the
property are remitted directly to the acting
conveyancers or solicitor and held to the clients
account. Faulkner International only act as
liaising agent between all parties.
3
Investment Buy to Let Scheme
Pre-built and Off Plan available now or to
completion within 6 months Properties are houses
and apartments Properties situated in desirable
residential areas with vast majority of
neighbouring properties owner occupied Resaleable
value maintained throughout ownership Capital
growth will rise in line with area
average Broader property choice over whole of
United Kingdom Maximum loan to value is 80 of
purchase price Lower mortgage means lower, more
achievable rentals Procurement Fee of 5
Facilitation Fee is Nil
4
Typical Off Plan Scheme
Off Plan only due for completion in 12 to 24
months plus Properties are apartments
only Properties situated in re-generation areas
with majority of properties tenant
occupied Potential rental ghettos of the future,
affecting resaleable value of property Capital
growth affected by large number of rental
properties in building Potential market
saturation in providing intense over supply of
rental properties in area that may not sustain
level of rentals or rental growth at 5 as
projected Property choice restricted to off plan
developments in specified areas only Maximum
loan to value is 80 of market value Higher
mortgage means higher rental, achievable in
specific areas only. Procurement Fee of 3
Facilitation Fee of 5
5
Mortgage Details
A maximum of 80 loan to value is available on
the buy to let mortgages. There is a choice of
interest only or repayment mortgages with typical
options as follows

• Interest Fixed for 2 yrs at 5.49 including 3
  year tie in period
• Interest Fixed for 2 yrs at 6.24 with no tie
  in period
• Tracker at Base Rate plus 1.65 with no tie in
  period

6
Table of Fees
The Fees applicable in the purchase
are Reservation Deposit 1000 on properties
up to 200000 2000 on properties over
200000 Procurement Fee 5 of Purchase
Price Legal Fees includes Part-exchange,
contract searches, Land Registry fees,
conveyancing fees Approx 1100 Survey
Fees Standard Valuation Approx 250 Homebuyers
Report Approx 350 Structural Survey Approx
500 Stamp Duty 0 - 120000 0 0 -
250000 1 250001 - 500000 3 500001 4
Mortgage Broking Fee 1 of Mortgage Drawdown.
This can be added into mortgage. Management
and Letting Fee 1O of Annual Rent
7
Mortgage Criteria
Clients to prove identity Clients to prove
residency Clients to prove income (subject to
lender) Clients to have no adverse credit
history Clients do not have to be UK nationals
or residents Mortgage drawn in the UK UK
properties only
8
But to Let Process
Identify typical property and price
range Complete Mortgage Pro Forma Complete and
sign instruction to Faulkner International Ltd,
Mortgage Broker and Conveyancer Provide
reservation deposit as per table of fees Provide
survey fee as per table of fees Provide search
fees as per table of fees. Faulkner
International Ltd secures property with
deposit Full mortgage proposal
completed Property surveyed Mortgage offer
made Legal searches completed Instructions to
letting agent Exchange of contracts, balance of
deposit and fees paid Completion takes
place Tenant occupies property
9
Location Information Milton Keynes
Milton Keynes Buckinghamshire Milton Keynes is
an exciting and vibrant place to be. It is one of
the fastest growing cities in the country with a
theatre, shopping facilities, cinema complex and
many other developments new to the city in the
last few years. The Xscape building, which
dominates the skyline, houses an indoor ski
slope, bars and restaurants, amusements, ten pin
bowling and much more. For those who like the
outdoors there are scenic parks, lakes and
woodland. It is home to some major employers
with Abbey National, Argos and The Open
University having headquarters in the city. With
businesses continuing to locate there,
unemployment levels are among the lowest in the
country.It has excellent transport links with
the M1 motorway and A5 running alongside the
city. London is only 50 miles by road. It is also
situated on the mainline route direct to London
Euston.
10
Location Information Wellingborough
Wellingborough, Northamptonshire Wellingborough
offers excellent road links to the rest of the
Country and is able to service the majority of
population centres in the UK and return within a
working day. The M1, A1, A45 and A14 give
unlimited links to all parts of the country. It
is situated just 15 miles from the M1 and 70
miles from London and is on a mainline route to
London St Pancras that takes 50 minutes. It is
also situated within 60 mile radius of four
international airports.
11
(No Transcript)
12
(No Transcript)
13
Cash Flow Senwick Drive
Sale Price  94,995.00 Negotiated Discount
0 0.00 Purchase Price  94,995.00 I
nitial Exchange Deposit 20.00 18.999.00
Reservation Deposit  1,000.00 Completion
Deposit 0.00 0.00 Procurement Fee
5.00 4,749.75 Stamp Duty
0.00 0.00 Legal Fees  500.00 Sea
rch Fees  150.00 Mortgage Broking Fee
1.00 759.96 Survey Fee  350.00
Max. Mortgage L T Value 80.00  Max.
Mortgage Amount  75,996.00 Actual
Mortgage Taken   75,996.00
14
Purchasing Procedure Senwick Drive
Day 1 Reservation Deposit 1,000.00
Survey Fee 350.00 Search
Fees 150.00 Total 1,500.00 Within
3-4 Weeks Exchange of Contracts Initial
Exchange Deposit 20.00 18,999.00 Less
Reservation deposit paid -1,000.00 Sub
Total 17,999.00 Procurement Fee
5.00 4749.75 Total 22,748.75 Tota
l for Exchange of Contracts
24,248.75 On Completion Closing
Fees Legal Fees 500.00
Stamp duty 0 0.00 Mortgage Broking
Fee 1.00 759.96 Ground Rent pa paid in
advance 0.00Service Charges paid in
advance 0.00 Management Letting
Fee 10.00 504.00 Total
1,763.96 Grand Total 26,012.71
15
Rental Projections Senwick Drive
Market Valuation  94,995.00 Discount
0 0.00 Purchase Price  94,995.00
Initial Exchange Deposit 20.00 18,999.00
Mortgage Broking Fee 1.00 759.96
    Max. Mortgage L T Value 80  Max.
Mortgage Amount   75,996.00 Actual
Mortgage Taken  75,996.00 Mortgage
Interest Rate 5.49 4,172.18 Annual
Rent 420.00 5,040.00 Coverage Factor
120.80  Rental Voids Allowance
(weeks) 2.00 193.85 Annual Rent after
Voids  4,846.15 Management Letting
Fee 10.00 504.00 Ground Rent pa pd in
advance  0.00 Service Charges pa pd in
adv.  0.00 Rental Increase pa
5.00 
16
Rental Projections Senwick Drive
  Year 1 Year 2 Year 3 Year 4 Year 5 Annual
Rent 5040.00     Rental Voids Allowance
193.85      Rental Income (incl
void) 4,846.15 5,088.46 5,342.88 5,610.03 5,
890.53       Costs      Interest
Costs 4,172.18 4,172.18 4,172.18 4,172.18 4,
172.18 Ground Rent 0.00 0.00 0.00 0.00 0.00
Service Charges 0.00 0.00 0.00 0.00 0.00
Management Letting Fee 504.00 529.20 555.66
583.44 612.62       Costs for
year 4,676.18 4,701.38 4,727.84 4,755.62 4,7
84.80       Net Income for year 169.97 387.08
615.04 854.41 1,105.73
17
(No Transcript)
18
(No Transcript)
19
(No Transcript)
20
Cash Flow Alexandra Road
Sale Price  115.995.00 Negotiated
Discount 0 0.00 Purchase
Price  115.995.00 Initial Exchange
Deposit 20.00 23.199.00 Reservation
Deposit  1,000.00 Completion Deposit
0.00 0.00 Procurement Fee
5.00 5799.75 Stamp Duty
0.00 0.00 Legal Fees  500.00 Sea
rch Fees  150.00 Mortgage Broking Fee
1.00 927.96 Survey Fee  350.00 M
ax. Mortgage L T Value 80.00  Max.
Mortgage Amount  92,796.00 Actual
Mortgage Taken   92.796.00
21
Purchasing Procedure Alexandra Road
Day 1 Reservation Deposit 1,000.00
Survey Fee 350.00 Search
Fees 150.00 Total 1,500.00 Within
3-4 Weeks Exchange of Contracts Initial
Exchange Deposit 20.00 23,199.00 Less
Reservation deposit paid -1,000.00 Sub
Total 22,199.00 Procurement Fee
5.00 5799.75 Total 27,998.75 Tota
l for Exchange of Contracts 29.498.75 On
Completion Closing Fees Legal
Fees 500.00 Stamp duty
0 0.00 Mortgage Broking Fee
1.00 927.96 Ground Rent pa paid in
advance 0.00Service Charges paid in
advance 0.00 Management Letting
Fee 10.00 600.00 Total 2,027.96 G
rand Total 31.526.71
22
Rental Projections Alexandra Road
Market Valuation  115,995.00 Discount
0 0.00 Purchase Price  115,995.00
Initial Exchange Deposit 20.00 23,199.00
Mortgage Broking Fee 1.00 927.96   
Max. Mortgage L T Value 80  Max.
Mortgage Amount   92,796.00 Actual
Mortgage Taken  92,796.00 Mortgage
Interest Rate 5.49 5094.50 Annual
Rent 500.00 6,000.00 Coverage Factor
117.77  Rental Voids Allowance
(weeks) 2.00 230.77 Annual Rent after
Voids  5,769.23 Management Letting
Fee 10.00 600.00 Ground Rent pa pd in
advance  0.00 Service Charges pa pd in
adv.  0.00 Rental Increase pa
5.00 
23
Rental Projections Alexandra Road
  Year 1 Year 2 Year 3 Year 4 Year 5 Annual
Rent 6000.00     Rental Voids
Allowance 230.77     Rental Income (incl
void) 5,769.23 6,057.69 6,360.58 6,678.61 7,
012.54       Costs      Interest
Costs 5,094.50 5,094.50 5,094.50 5,094.50 5,
094.50 Ground Rent 0.00 0.00 0.00 0.00 0.00
Service Charges 0.00 0.00 0.00 0.00 0.00
Management Letting Fee 600.00 630.00 661.50
694.58 729.30       Costs for
year 5,694.50 5,724.50 5,756.00 5,789.08 5,8
23.80       Net Income for year 74.73 333.19
604.58 889.53 1,188.73
24
(No Transcript)
25
(No Transcript)
26
(No Transcript)
27
(No Transcript)
28
(No Transcript)
29
Cash Flow - Iowa
Sale Price  225,000.00 Negotiated
Discount 10.00 22,500.00 Purchase
Price  202,500.00 Initial Exchange
Deposit 20.00 40,500.00 Reservation
Deposit  1,000.00 Completion Deposit
0.00 0.00 Procurement Fee
5.00 10,125.00 Stamp Duty
1.00 2,025.00 Legal Fees  500.00
Search Fees  150.00 Mortgage Broking Fee
1.00 1,620.00 Survey Fee  350.00
Max. Mortgage L T Value 80.00  Max.
Mortgage Amount  162,000.00 Actual
Mortgage Taken   162,000.00
30
Purchasing Procedure - Iowa
Day 1 Reservation Deposit 1,000.00
Survey Fee 350.00 Search
Fees 150.00 Total 1,500.00 Within
3-4 Weeks Exchange of Contracts Initial
Exchange Deposit 20.00 40,500.00 Less
Reservation deposit paid -1,000.00 Sub
Total 39,500.00 Procurement Fee
5.00 10,125.00 Total 49,625.00 To
tal for Exchange of Contracts 50,625.00 O
n Completion Closing Fees Legal
Fees 500.00 Stamp duty
1.00 2,025.00 Mortgage Broking Fee
1.00 1,620.00 Ground Rent pa paid in
advance 0.00Service Charges paid in
advance 0.00 Management Letting
Fee 10.00 1,070.00 Total 5,215.00
Grand Total 55,840.00
31
Rental Projections - Iowa
Market Valuation  225,000.00 Discount
10.00 22,500.00 Purchase
Price  202,500.00 Initial Exchange
Deposit 20.00 40,500.00 Mortgage Broking
Fee 1.00 1,620.00    Max.
Mortgage L T Value 80  Max. Mortgage
Amount   162,000.00 Actual Mortgage
Taken  162,000.00 Mortgage Interest Rate
5.49 8,893.80 Annual
Rent 891.67 10,700.00 Coverage Factor
120.31  Rental Voids Allowance
(weeks) 2.00 411.54 Annual Rent after
Voids  10,288.46 Management Letting
Fee 10.00 1,070.00 Ground Rent pa pd in
advance  0.00 Service Charges pa pd in
adv.  0.00 Rental Increase pa
5.00 
32
Rental Projections - Iowa
  Year 1 Year 2 Year 3 Year 4 Year 5 Annual
Rent 10,700.00     Rental Voids
Allowance 411.54     Rental Income (incl
void) 10,288.46 10,802.88 11,343.03 11,910.18
12,505.69       Costs      Interest
Costs 8,893.80 8,893.80 8,893.80 8,893.80 8,
893.80 Ground Rent 0.00 0.00 0.00 0.00 0.00
Service Charges 0.00 0.00 0.00 0.00 0.00
Management Letting Fee 1,070.00 1,123.50 1,
179.68 1,238.66 1,300.59       Costs for
year 9,963.80 10,017.30 10,073.48 10,132.46
10,194.39       Net Income for
year 324.66 785.58 1,269.55 1,777.72 2,311.3
0