The Investment Procedure

1. You register as an investor with MRA by requesting a FREE INFORMATION PACK.

2. We discuss your goals and ascertain whether you wish to purchase with cash or MORTGAGE UP FRONT.
   

3. MRA view and agree to purchase a suitable property that fits your requirements we then forward a comprehensive report describing the full investment “package” to you.
   

4. You accept the "package" and transfer the investment funds to our solicitors client account. MRA does not at any stage handle the money that is used to purchase your properties.
   

5. You are sent a Fund Transfer Confirmation and both parties sign a Service Agreement form.
   

6. On agreement we will instruct our solicitors to convey the purchase of the property on your behalf. MRA monitors the purchase of the property and aims to ensure a swift completion.
   

7. On completion the purchase price is transferred to the vendor. The agreed fee remains with our solicitors to pay for their services plus disbursements. The remainder is transferred to MRA to pay our fees, to pay for the insurance policies and to fund the refurbishment programme.

8. MRA begin to refurbish, carpet and furnish the property. The objective is to have all works finished within 8 weeks of the completion of the purchase of the property.  If little or no refurbishment work is required to the particular property this 8 week period will be considerably shorter.

9. During the refurbishment period both parties sign a Property Management Agreement. MRA then find a suitable tenant who has been fully referenced to ensure that they are trustworthy.
   

10. When the property is ready the tenant moves in after signing the tenancy agreement. All properties are let on an Assured Shorthold Tenancy for a minimum of 6 months.
    

11. Rent is paid 1 month in arrears and the aim is that the investor will start to receive income no more than 12 weeks from the date of completion of the purchase of the property.
    

12. If the property was bought for cash we then arrange for the property to be valued and a buy-to-let mortgage is raised. These funds are then used to repeat the entire process thus building your portfolio.

Note:- Mortgages are subject to status. Remember properties are at risk if mortgage payments are not maintained. As with any investment yields and capital values can go down as well as up.