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Property Tribes is pleased to present a short video case study undertaken by Shawbrook Bank.Rob and Aiden are two young property entrepreneurs who are building a portfolio of single lets and HMOs in the Liverpool area.In this video they explain their property journey to date, how they have scaled up, and how they always try and raise their game for each new project they undertake:
Thanks to Shawbrook Bank for allowing Property Tribes to use this case study, which was produced and directed by myself.I am sure you will agree with me that it is great to see two young people building such a professional business and showing such entrepreneurial flair. You can find out more about Rob and Aiden in the video in the footer of this thread.They are big advocates of education and mentoring and say that this is a big part of their success, along with the initial support they received from Rob's father who had some building and property experience.Please note the case study was recorded in October 2018 but I only recently asked Shawbrook Bank if we could present it on Property Tribes.SEE ALSO - When to say "no" to an HMO?UP NEXT - HMO Compliance Week - 2018DON'T MISS - Case study: Co-living development 7 bed HMOsNOW WATCH:
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
Thanks for sharing Vanessa. I knew Precise did a bridge to term option on HMO finance but it’s only for light refurb so will check Shawbrook out
Hi, I'm the broker that works with Rob and Aiden. We work with Precise and Shawbrook and Shawbrook are far easier to deal with! It does depend on the type of property you have so for very straight forward properties Precise will give you a lower rate on the term option. Shawbrook are happier with large HMOs, semi commercial property, multi unit freehold blocks and so on.
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Thank you for sharing this Vanessa.
Really enjoyed the video case studies, very interesting and great to hear about others success journeys.
My one experience with Shawbrook a couple of years ago, cost me £1500 in lost broker fees as they changed their lending criteria half way through the re-mortgaging process. Despite my appeals they refused to budge. I used Kent Reliance instead.
I won't be using Shawbrook again.