FAQs

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Working with Property Fit FAQs

At Property Fit, we only source properties we would invest in ourselves. With over 17 years of experience in the property investment industry, we have expert knowledge of what properties reach the best ROI; our focus is on well-priced properties in strong rental areas, producing high yields.

With a company portfolio of hundreds of properties per year and a team of highly experienced viewing agents, we have essential knowledge on which areas in the UK are promising opportunities for investment, and which areas should be avoided by our clients.

With our strong ethos and capable team, we can find exactly the kinds of investments you want to make.

Yes; Property Fit’s expert viewing team is well-versed in looking closely at potential investments to assess their quality, providing our clients all the crucial information they need to make the right decision. This is not limited to the property itself, but also the local area, and our team prides itself on its in-depth, boots-on-the-ground research.

If you have a particular property in mind, please contact our team and we can arrange a viewing – our agents will write you a full report on their findings, take a range of detailed photographs, and produce a virtual tour of the property. Our ultimate goal is for you to be intimately familiar with properties without having to deal with the inconvenience of visiting them.

Our team covers; Greater Manchester, Birmingham, Liverpool, Leeds, Coventry, Nottingham, St. Helens, and East Lancashire.

How much is your Viewing Fee?

We are very pleased to offer a viewing service for just £100 + VAT per viewing.

With all of our properties, we will always add a £3k contingency for repairs. Some properties will require a bigger refurbishment than others; our viewing team will only select properties they feel will reach a high ROI, and this means some properties may require a refurbishment and others may not. If a property does require a refurbishment, we can connect clients to our sister company Bradwell Maintenance, who can take care of all your needs when it comes to refurbishment; from plastering and decorating to roofing and joinery, we can follow the full refurbishment process for your property. We can recommend, quote, and deliver the refurbishment work, and use trusted tradespeople to deliver the best possible service.

Experience. Knowledge. Time. Communication.

  • We have 17 years of experience in the property investment industry. We are your eyes and ears on the ground where it matters the most. We know what type of properties to buy and where to buy them.
  • We understand investing in a property can be daunting – we are here to put your mind at ease. We have the experience, the knowledge, the time, and the communication skills to help you through your property investment journey.
  • Whether it is your first investment or your tenth, we can help. Our aim is to build long-lasting relationships with our clients.
  • Our in-house property administrators manage the entire purchase for you. We work closely with all third parties involved, working with solicitors, our maintenance team, estate agents, and others.
  • If your property requires any refurbishment, we work with Bradwell Maintenance, our sister company, to provide any services you may need.
  • We can arrange to let your property for you, through our very own letting agent, At The Place.
  • We understand time is precious. Our clients tend to be working professionals where time is limited. We put in the work to save you time.
  • We provide an aftercare service for all of our clients.

We tend to find a lot of agents who will not share their fees online, however, we are upfront with our cost and there are no hidden fees.

In summary, our fees are:

• 2% Sourcing fee (minimum £3,950 +VAT) of the property purchase price (50% on the reservation; 50% on completion of the process).
• £1,000 commitment fee on agreed brief (refundable on fees above).
• 12.5% of refurbishment, for project management.

• £100+ VAT for viewing service (property visited and a written report, set of photos & video walk round).

• Administrative help to find a rental property. To include identifying suitable properties, talking to agents, arranging a viewing (charged separately – see above), and managing the application process on behalf of the tenant client. £30 per hour + expenses.

All fees subject to VAT at the prevailing rate.

Process and Finance FAQs

If you would like our team to put an offer on a property for you, to secure this offer we will require some documentation – please know all of your documents will be safe and GDPR compliant.

  • Proof of ID (Passport) – Certified
  • Proof of Address – Certified
  • Proof of Funds
  • Limited Company Incorporation Document
  • Mortgage In Principle

Our team is always on hand to help, you can call us on +44 333 358 0669, email us at info@property-fit.com or, if you prefer, you can complete our survey which will share with us an indication of the type of property you are looking for, in what area, with what expected yield and more.
It won’t take long to complete and a member of our team will be in touch once completed. You can find our survey here >

Yes, we do source HMOs (Houses of Multiple Occupation). However, we are very specific about the types of HMO that we will source and that we will only ever source HMOs that either have a HMO License and planning permission or a development HMO project where the correct planning and HMO license will be gained (managed by us).
We also ensure that any HMO that we source and develop are undertaken to a very good standard and are suitable for any type of tenant including young professionals. We do not source HMOs in Article 4 areas.
We tend to have a waiting list for HMOs so if you would like a HMO please let us know as it may take some time to arrange one for you.

The difference between ROI (return on investment) and yield is that the ROI measures a return specific to the amount invested or spent on an income-producing asset whereas a yield measures the return on the overall value of an asset. For example, if an investor buys a house for £100,000; she puts down a deposit for £25,000 and gets a mortgage. The rent per month is £500, and after mortgage and letting fees she is left with £200 per month. The ROI is 9.6% while the yield (gross/before other costs) is 6%.

Freehold property is when you purchase a property in full, whether that be with a mortgage or through a cash purchase. This means you own the property and the land that it is on. A leasehold is when you purchase the rights for the property for a period of time, this is normally for about 99 years.

You can purchase a property as both cash buy or mortgage. Alternatively, you can split the purchase between cash and mortgage.

Property Fit also have their very own letting agency, Blue Wing Lettings. Blue Wing Lettings offers a skilled team who will ensure your letting experience is smooth and successful.Once we have sourced a property for you, we can help you find the right tenant – our aim is to secure long-term, good tenants for your property.

Of course! We pride ourselves on good customer service. We have an in-house team who will manage the purchase process for you. Our dedicated team will share bi-weekly updates with you and will have regular contact throughout your purchase. Did you know we operate on WhatsApp, Signal, email, and telephone? However you like to keep in touch, we are happy to help.

After years of experience, we are confident in the areas we source in. We know the best (and the worse) locations across the UK. We always aim for strong rental areas with a high yield/ROI.
We cover properties in:

  • Greater Manchester
  • Birmingham
  • Liverpool
  • Leeds
  • Coventry
  • Nottingham
  • St. Helens
  • East Lancashire

It’s well-known that purchasing a property can take time and have setbacks along the way – here at Property Fit we always aim to complete our process within 8 – 12 weeks. Our team will always do everything in their power to get your property purchase complete as soon as they can.

First Time Investors

The Property Fit team is ready to support you in your first property investment. Setup a call and talk to our team today.

    Experienced Investors

    Make your next property investment easier with our end-to-end sourcing, maintaining and letting services.

      PF PROPERTY SOURCING LTD, SUITE 2, THE OLD COURTHOUSE, CHAPEL STREET, GREATER MANCHESTER, SK16 4DT
      +4403333580669