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• 
  @001GRENADAКүн бұрын

  Very well presented and easily understood information, just waiting for the bill to go through now like all the other leaseholders hopefully. 👍🏿

• 
  @Aylaun8421 күн бұрын

  This has been around for decades, councils have been begging landlords for 3 4 beds to house unemployed families, mainly those evicted in the private sector.

• 
  @lauraaltieri52021 күн бұрын

  Very helpful! Thanks Sam.

• 
  @jasonpatterson36524 күн бұрын

  Good video. I have shared in our property WhatsApp groups

• 
  @thesamnorris24 күн бұрын

  Thanks Jason! Much appreciated. Are there any other bridging topics you think your group would find useful?

• 
  @jasonpatterson36524 күн бұрын

  Yes, purchasing a flat or a house and using the potential equity in the flat or house as a deposit. So basically, the purchaser does not have to put the full deposit money down.

• 
  @inglebey25 күн бұрын

  Hi Sam, great video. If I purchase a 3bed house and convert to a 5 bedroom HMO with en-suites would it be possible to get a commercial valuation? If not, how is the property valued? bricks and motor as a 3 bedroom house in the area?

• 
  @thesamnorris24 күн бұрын

  Hey Inglebey. So there are a couple of lenders who can potentially look at this on a commercial valuation. Is it all en-suite? Is this a property you own?

• 
  @adamengledow934924 күн бұрын

  Thanks for the reply. Not yet, I am looking at some properties for conversion. If it can’t be valued as a commercial how would the bricks and mortar be valued? A renovated 3 bedroom?

• 
  @adrenalineisbrown25 күн бұрын

  Great video, Sam. A few questions. 1) on auction legal pack already has all the searches available. If you are buying this property, do you still need to get the searches done again? 2) if you are financing the renovation with your own funds, the bridging lenders still need to see exact quotes from buolders on everything you are planning to do, even on a simple renovation? What did they need? Just an estimate

• 
  @thesamnorris25 күн бұрын

  Hey, thanks for the comment and the questions. 1. If searches have been done (and to an acceptable standard as I have seen a couple of instances where this isn’t the case) then they can be used, yes. We would still generally instruct legals as early as possible on an auction purchase just to avoid any doubts about hitting the deadline anyway. We usually aim for 15 days to try and ensure we have a buffer for any issues arising. 2. The only time I’ve seen a lender need to see a quote was when we were appealing a valuers comments about the works. Generally we need a schedule of works (we send a template out to all our clients) and proof that the funds are available. I hope that answers your questions but please do let me know if you have any more

• 
  @adrenalineisbrown25 күн бұрын

  @@thesamnorris Thank you Sam. And for schedule of work, do you need exact list of all the subcontractors you are using? What is more for general guide for your planning to do? and do you need to provide the exact costs of everything?

• 
  @inglebey27 күн бұрын

  Hi Sam, great video. If I purchase a 3bed house and convert to a 5 bedroom HMO with en-suites would it be possible to get a commercial valuation? If not, how is the property valued? bricks and motor as a 5 bedroom house in the area?

• 
  @thesamnorris24 күн бұрын

  Hey Ingelbey. Jusy answered this question for you on the other video. Hope you’re having a great day and the answer helps.

• 
  @elliotkear145629 күн бұрын

  Great content this is, wish I knew some of this before I signed my SH lease ha

• 
  @thesamnorris24 күн бұрын

  Have you tried to renegotiate it? No harm? Dont ask you don’t get

• 
  @coreyhamilton1822Ай бұрын

  Where is the link to the social housing lists ?

• 
  @thesamnorris24 күн бұрын

  Added now, but here it is again… www.gov.uk/government/publications/registered-providers-of-social-housing

• 
  @123sumomАй бұрын

  Can you recommend specialist buy-to-let mortgage lenders, who accepts adverse credit missed payment, and gifted deposit via father bank loan.

• 
  @thesamnorris24 күн бұрын

  Getting a BTL mortgage when you are getting a gifted deposits is quite challenging on its own, but add in the others and it becomes a bit more difficult. But if there is a lender out there, we can help. Book in a call with the Grand Union Finance team and let’s see what’s possible calendly.com/grand-union-brokers

• 
  @123sumomАй бұрын

  Amazing thanks mate

• 
  @thesamnorris24 күн бұрын

  Hope this was helpful.

• 
  @jigerkijeetАй бұрын

  Greak videos. Very informative. Being a mortgage advisor, I learned a lot from these videos.

• 
  @thesamnorrisАй бұрын

  I’m glad to hear! Always good to meet another broker too 💪🏻 what do you specialise in?

• 
  @jigerkijeetАй бұрын

  very informative. I really needed this kind of knowledge

• 
  @thesamnorrisАй бұрын

  I’m happy to hear this!!

• 
  @rajeshshah7765Ай бұрын

  Fantastic Knowledge. thank you.

• 
  @thesamnorris24 күн бұрын

  You’re more than welcome. Are you looking to purchase an investment property this year?

• 
  @yousurfer22 ай бұрын

  Is 6.9% too high gor hmo as half the income eill go on repayments

• 
  @thesamnorrisАй бұрын

  At the moment, potentially yes. How come you’ve had to opt for a higher rate?

• 
  @yousurfer2Ай бұрын

  @@thesamnorris was told it was to get a commercial val

• 
  @jedeenhanson69213 ай бұрын

  Hello Sam I have just subscribed to your channel this was a very brilliant and informative video, I would like to ask you a question? I am currently living, renting in a one-bedroom flat and I would like to turn this flat into a three-bedroom sit. Can I take out a buy to let mortgage for this property then give the council the properties for social housing for passive income?

• 
  @thesamnorris24 күн бұрын

  Hi! Thanks for the comment and thanks for subscribing!! So you can rent out your home with a consent to let. You’d then need to get the new tenants (social housing provider) in and then we can look at remortgaging. If you want to book in a call with the team to see how we can help, use this link to do so: calendly.com/grand-union-brokers

• 
  @Jimbob40853 ай бұрын

  Great video, thanks for the list of the social housing providers, but how do we find out which social housing providers are local to my area from that list?

• 
  @thesamnorris24 күн бұрын

  You used to be able to download as an excel spreadsheet and reorder based on location. Is this no longer the case?

• 
  @thetruth34353 ай бұрын

  Useless video

• 
  @mohammednasiruddin10624 ай бұрын

  Which mortgage providers would be willing to give for first time property and hmo investor?

• 
  @thesamnorris3 ай бұрын

  It would be wrong of me to list out lenders. There is a lot more criteria to consider. If you do need some assistance then I’d definitely recommend booking a time to speak to a member of our broker team at Grand Union Finance calendly.com/grand-union-brokers

• 
  @ateam84234 ай бұрын

  This is similar to section 8 US strategy. Not sure if you know much about this ? But how lickely is to get 0% intrest (halal) morgarges ?

• 
  @phillpate87354 ай бұрын

  Great knowledge… really needed to hear that 😊

• 
  @thesamnorris24 күн бұрын

  Thanks Phil, much appreciated. Are you in the market for a new investment property this month?

• 
  @watty224 ай бұрын

  Thanks. Cannot find the list of Housing Associations.

• 
  @thesamnorris24 күн бұрын

  Here it is calendly.com/grand-union-brokers Hope this helps

• 
  @orlandohamilton22514 ай бұрын

  Hi Sam, How do I find social housing providers and what area do they cover?

• 
  @thesamnorris24 күн бұрын

  Here is the link calendly.com/grand-union-brokers It should show the location too

• 
  @farrellwolf24984 ай бұрын

  Hey mate awesome insights! Could Foreign Investor do Social Housing in the UK?

• 
  @thesamnorris24 күн бұрын

  Yes they could, but their lending options are going to be quite limited. Where are you based?

• 
  @farrellwolf249814 күн бұрын

  @@thesamnorris Singapore

• 
  @Vicky-sr-rider4 ай бұрын

  Possible to buy both leasehold n freehold same person in different properties

• 
  @thesamnorris24 күн бұрын

  Yes you can do that

• 
  @PurpleMusicChannel4 ай бұрын

  Had a terrible time with Optima Legal during Remortgaging. Watch out for Shortfall fees. And the lenders charge you about £30 a day interest from the time of completion. You switch to a new deal to save 3k over 2 years for example and end up paying about 3k in legal fees and mortgage payments from your previous and new lender. Martin Lewis makes it seems so easy buts it’s really not. Next time ill pay for a conveyancer who knows what they are doing

• 
  @judithfrancis53304 ай бұрын

  Good information. I have been seeing ppl on LinkedIn offering this so they are just requiring investors and they pay you a return monthly. Difficult to know who to trust, especially when you are looking for a hands off approach

• 
  @MrCoolCats5 ай бұрын

  3 months on, and nothing has changed.

• 
  @thesamnorris24 күн бұрын

  Changes now by the looks of things

• 
  @ukmarsadelaide5 ай бұрын

  Finally well said. Also why the hell should I as a taxpayer be underwriting peoples mortgages. I keep saying the UK housing market is the last socialist industry. Just like the days in the 70s where the Government subsidized British Leyland to keep producing a poor quality product at an inflated price....

• 
  @thesamnorris24 күн бұрын

  Never thought of it like that actually!

• 
  @johnjames56665 ай бұрын

  Nothing passed liar

• 
  @johnjames56665 ай бұрын

  Nothing changed well done click bait

• 
  @thesamnorris24 күн бұрын

  It has now. The video describes what was planned. Not that it had happened.

• 
  @katehillier10275 ай бұрын

  This is shocking. At least we are viewed as great prospects ?❤

• 
  @JustinTrueDough245 ай бұрын

  Sam I need your help with a legacy project here in Norfolk... Future proof housing developments we need expertise such as yours as we prepare for the launch

• 
  @kevinwooldridge21275 ай бұрын

  Greta video Sam, thank you. I've seen/heard people talking about this subject but never seen it explained in such detail.

• 
  @thesamnorris24 күн бұрын

  It’s probably the closest thing to passive income possible I think. Is this something you’re looking at investing in?

• 
  @kevinwooldridge212722 күн бұрын

  @@thesamnorris In time. I wont start investing until next feb when I finish my current job

• 
  @dwaynesquires5 ай бұрын

  ❤

• 
  @Propertydealer57975 ай бұрын

  Hey I have the property in B21, Birmingham, and looking for housing company to occupy that, can you help me with that for getting a social housing provider to work on this with me.

• 
  @thesamnorris24 күн бұрын

  This isn’t my expertise, but I can introduce you to some people who can help. Also you can find providers on this list: calendly.com/grand-union-brokers

• 
  @stefanopecchio75925 ай бұрын

  Thank you for sharing your opinion. Is this not working even if you are planning a BRRR strategy and not the simple buy to let ? Doing a BRRR , if done properly , you should be able to leave enough equity, am I wrong?Thank you

• 
  @thesamnorris5 ай бұрын

  Thanks so much for your comment Stefan. These are residential mortgages, not for investment, which is what BRR is. If of course you have the for sight to buy a home for yourself and do something like renovate, do a loft extension or maybe even an extension, of course, you’re creating value and equity, however, the reality is that this won’t be the case for the overwhelming majority unfortunately in this instance.

• 
  @wicked-witch-of-the-west5 ай бұрын

  I need your help big time here please Sam. And no one is giving the answer. I'm interested in purchasing a three bedroom house, and then converting this into a HMO. Can i get a HMO mortgage on this straight off the bat, and then carry out the works. I mean im confused how this even works man.

• 
  @thesamnorris5 ай бұрын

  Hi, and thanks for the comment. The answer is no I’m afraid. You cannot get an HMO mortgage until the property is a registered, licensed and classified HMO. Cash, bridging, development finance, investor finance or a combination of the above is used to make the acquisition and then we can refinance onto the HMO mortgage once the conversion is complete.

• 
  @wicked-witch-of-the-west5 ай бұрын

  @@thesamnorris Ah right because a broker told me, it's still possible. Am i able to get a normal buy to let mortgage on the house, start converting it, and then switch to a HMO mortgage. I expect that will be big early repayment fee's. Do you have an email address i can speak to you, as my current broker is obviously not good

• 
  @ryanjamesdixon85206 ай бұрын

  Hi mate, not related to this video, but what sort of loan to value can an experienced investor expect on a social housing styled mortgage product ? Cheers.

• 
  @thesamnorris5 ай бұрын

  Thanks for the question James. In any investment mortgage I wouldn’t recommend going above 75%. The max is 80% but again, 75% should be the max. Are you in the market at the moment?

• 
  @ositaeze52376 ай бұрын

  Well done Sam. Very rich content video typical of what could come from you.

• 
  @thesamnorris5 ай бұрын

  You’re too kind Osita!

• 
  @4thStump6 ай бұрын

  Very interesting and educational video. I have a question tho. I have a 3 bed house which i qas going to rent in the private sector. However, im interested in rent to a social housing company. You described the mortgage scenario, i have a fixed 5yr cureently. Does this mean i will need to change the mortgage to suit? Im not looking at HMOs at this point.

• 
  @thesamnorris6 ай бұрын

  Thanks for the comment. Glad the video was useful. If you are looking to change the way you’re looking to rent your property, then you’ll need to notify your mortgage lender. They may allow you to do so for the time being then you’d need to remortgage at the end of your fixed term, or they may not allow you, which would mean you’d either need to wait til your fixed rate finished, or remortgage to a lender who will allow you to lease your property to a social housing provider. Hope that helps

• 
  @muratsuyur6 ай бұрын

  How about buying cash and doing a BRRR

• 
  @thesamnorris6 ай бұрын

  Not sure if buying cash is a strategy. I think BRR certainly will still work in some areas, but I think the 3 I mentioned are just a better option in the current market that’s all. Of course, it’s all subjective as to your personal situation and plans.

• 
  @mohsinshuja52776 ай бұрын

  How do I contact these social housing providers to discuss my property. I’ve a mortgage free property that I used to rent out through estate agents but this option seems much better. Thanks

• 
  @thesamnorris6 ай бұрын

  thanks for the comment and glad this video was helpful. you can search for social housing providers by Googling the Government Social Housing Provider Register. On there is a list of all the providers who have been checked by the Government :-)

• 
  @Propertydealer57975 ай бұрын

  Can I know wher3 is your property located?

• 
  @Mraei0u6 ай бұрын

  you are awesome! 😊

• 
  @thesamnorris6 ай бұрын

  And you’re too kind!! Thank you!!

• 
  @Mraei0u6 ай бұрын

  this is gold, sir! thank you ❤

• 
  @paulbird18086 ай бұрын

  Im a bit worried about the Duke of Westminster - how will he survive?!

• 
  @thesamnorris6 ай бұрын

  haha i know. poor lad!

• 
  @ronaldsmith81966 ай бұрын

  The days of the parasites are over Freeholders and Managing agents are gone the number of leaseholders being ripped of by these people in the past is criminal.

• 
  @creativegenie507 ай бұрын

  Nice one Sam. As a property sourcer/ developer I've Just started investigating the strategy of BRR properties to flip as social housing. Already been in contact with SERCO so need to speak to a broker on the financials for packaging the deal to my investors.

• 
  @thesamnorris7 ай бұрын

  Amazing stuff. We defintely need more people out there looking at these sorts of deals as this will only strengthen my arguement to lenders that more should be looking at allowing the likes of Serco leases in their criteria. I am more than happy to have a chat with you about the finances, if you want to organise a call in the new year.

• 
  @thesamnorris7 ай бұрын

  👉🏼 Book your 1-2-1 Property Strategy Call - calendly.com/sam-norris-grand-union/1-2-1-property-strategy-call

• 
  @thesamnorris7 ай бұрын

  👉🏼 Book your 1-2-1 Property Strategy Call - calendly.com/sam-norris-grand-union/1-2-1-property-strategy-call