Please download your due diligence template which you will need to provide evidence based on the following questions. Failing to provide adequate evidence for your due diligence will result in us being unable to accept your deal for rating.
Download Your Due Diligence Template.PDF
You can download an example of a Due Diligence Template below to know what level of detail is expected:
Download Your Due Diligence Example
Please provide in your Due Diligence Template evidence that the purchase price (inc. all costs) plus the refurb price are equal to less than 75% of the estimated end value (e.g. your calculations)
Please provide in your Due Diligence Template evidence that the purchase price (inc. all costs) plus the refurb price are equal to 75-80% of the estimated end value (e.g. your calculations)
Please provide in your Due Diligence Template evidence that the purchase price (inc. all costs) plus the refurb price is equal to 80-90% of the estimated end value (e.g. your calculations)
As your total costs are more than 90% of the end value, we do not deem this to be a viable deal and cannot rate it any further. Please check your calculations and start again, or submit a different deal.
Please provide evidence in your Due Diligence Template (e.g. email confirmation or message)
Please provide evidence in your Due Diligence Template (e.g. photo, video or proof of appointment)
Please provide evidence in your Due Diligence Template (e.g. the builders’ quote(s) for renovating the listed building where required)
Please provide evidence in your Due Diligence Template (e.g. report from planning consultant)
Please provide evidence in your Due Diligence Template (e.g. the GDV and the 3 comparables - screenshots and URL links).
Please provide evidence in your Due Diligence Template (e.g. the GDV and 2 comparables - screenshots and URL links)
Please provide evidence in your Due Diligence Template (e.g. the GDV and the 1 comparable screenshot and URL link).
Please provide evidence in your Due Diligence Template (e.g. confirmation from the broker that you will get finance on a property that is of non-standard construction)
Please provide evidence in your Due Diligence Template (e.g. estate agents brochure or Title Deeds)
Please provide in your Due Diligence Template evidence of the extent of the refurbishment and your multiple builders' quote
Please provide in your Due Diligence Template evidence of the extent of the refurbishment and your own detailed builders' quote as you are a builder yourself
Please provide in your Due Diligence Template evidence of the extent of the refurbishment and one single builders' quote
Please provide in your Due Diligence Template evidence of the extent of the refurbishment and your Quote My Refurb report
Please provide in your Due Diligence Template evidence of the extent of the refurbishment and your own quote as you have experience of refurbishments
Please provide evidence in your Due Diligence Template (e.g. costs and timescale to obtain permission)
Please provide evidence in your Due Diligence Template (e.g. copy of head lease)
Please provide evidence in your Due Diligence Template (e.g. email from landlord or letting agent)
Please provide evidence in your Due Diligence Template of comparables showing nightly rates and occupancy rates (e.g. screenshots of 3 comparables from propertymarketintel.com)
Please provide evidence in your Due Diligence Template of comparables showing nightly rates and occupancy rates (e.g. screenshots of 2 comparables from propertymarketintel.com)
Please provide evidence in your Due Diligence Template of comparables showing nightly rates and occupancy rates (e.g. screenshot of 1 comparable from propertymarketintel.com)
N.B. Questions 12-23 are not visible because they do not apply to you
Please provide evidence in your Due Diligence Template (e.g. screenshot from local authority or estate agent)
Please provide evidence in your Due Diligence Template (e.g. your measurements for each room)
Please provide evidence in your Due Diligence Template (e.g. screenshot it is not an article 4 area)
Please provide evidence in your Due Diligence Template (e.g. screenshot that you have grandfather rights and a certificate of lawfulness)
Please provide evidence in your Due Diligence Template (e.g. screenshot from the relevant local authority website that Article 4 is coming soon)
Please provide evidence in your Due Diligence Template (e.g. evidence that this is running as an HMO, such as tenancy agreements).
Please provide evidence in your Due Diligence Template (e.g., a screenshot of the HMO licence and link from the local authority’s Register of HMOs for the property’s address).
Please provide evidence in your Due Diligence Template (e.g. screenshots of the HMO managers opinion in writing, spareroom, propertymarketintel, etc )
Please provide evidence in your Due Diligence Template (e.g. HMO Managers estimate of rental value)
Please provide evidence in your Due Diligence Template (e.g. screenshot of very comparable property renting at that price)
Please provide evidence in your Due Diligence Template (e.g. screenshot of almost comparable renting at that price)
N.B. Questions 21-23 are not visible because they do not apply to you
Please provide evidence in your Due Diligence Template (e.g. estate agent’s estimate of end rental value)
Please provide evidence in your Due Diligence Template (e.g., a screenshot of almost comparable renting at that price)
Please provide evidence in your Due Diligence Template (e.g. email or screenshot of mortgage quote)
Please provide evidence in your Due Diligence Template (e.g. show the two figures separately and the percentage difference between them)
Please provide evidence in your Due Diligence Template (e.g. estate agent’s information or Title Deeds)
Please provide evidence in your Due Diligence Template (e.g. estate agent’s information or other specified source)
Please provide evidence in your Due Diligence Template (e.g. estate agent’s information or Title Deeds and quote to extend the lease)
Please provide evidence in your Due Diligence Template (e.g. estate agent’s information)
Please provide evidence in your Due Diligence Template (e.g. estate agent’s information or tenancy agreement)
Please provide evidence in your Due Diligence Template (e.g. estate agent’s brochure or screenshot)
Please provide evidence in your Due Diligence Template (e.g. estate agent’s brochure or screenshot and quote to upgrade)
Please provide evidence in your Due Diligence Template (e.g. your calculations, which clearly include and show the auction fees)
Please provide evidence in your Due Diligence Template (e.g. solicitor’s letter or email)
Please provide in your Due Diligence Template evidence of an independent surveyor’s report
Based on your due diligence, we will not be able to rate your deal. Please review and compile evidence and then use the rate my deal AGAIN. These are the following areas for improvement:
Property Viewing
Listed building
Planning permission
Permitted Development Rights
Comparables
Standard construction
Builders’ quotes
Permissions
Head lease
Due diligence on the comparables
Property classification
Room sizes
Article 4
Head lease restrictions
HMO status
HMO licence
Demand
Estimations of rental
Mortgage
Mortgage Stress Test
Freehold property
Leasehold property
Length of lease
Will the property be acquired with vacant possession?
EPC rating
Crime rates
Auction fees
Legal pack
Survey
Funds
Bridging and refinancing risks
Auction terms
Deal Viability
Download Your Due Diligence Template
Please provide evidence in your Due Diligence Template of the ROI:
As your ROI is not at LEAST 20%, we do not deem this to be a viable deal and cannot rate it any further. Please check your calculations and start again, or submit a different deal.
Please provide evidence in your Due Diligence Template (e.g. email confirmation or message from a professional who viewed the property)
Please provide evidence in your Due Diligence Template (e.g. title deeds)
Please provide evidence in your Due Diligence template (e.g. estate agents' quotes, comparables and official valuation)
Please provide evidence in your Due Diligence template (e.g. state the purchase price and provide your calculations).
Please provide evidence in your Due Diligence Template (e.g. estate agent’s estimate of rental value)
Please provide evidence in your Due Diligence Template (e.g. screenshot of a very comparable property renting at that price)
Please provide evidence in your Due Diligence Template (e.g., a screenshot of an almost comparable property renting at that price)
Please provide evidence in your Due Diligence Template (e.g. estate agent’s information or other source)
Please provide evidence in your Due Diligence Template (e.g. estate agent’s information or Title Deeds and quote to extend)
Please provide evidence in your Due Diligence Template (e.g. estate agent’s information or landlord email)
Please provide evidence in your Due Diligence Template (e.g. estate agent’s brochure or screenshot and quote to upgrade EPC rating)
Please provide evidence in your Due Diligence Template (e.g. auction fees in calculations)
Please provide evidence in your Due Diligence Template (e.g. independent building survey)
Based on your due diligence, we will not be able to rate your deal. Please review and compile your evidence and then use the rate my deal AGAIN. These are the following areas for improvement:
Property viewing
Landlord identity
Value of the property
Agreed purchase price
Vacant Possession
Please provide evidence in your Due Diligence Template (your calculations including the purchase price, the GDV, the GDC and the profit)
As your expected profits are less than 15%, we do not deem this to be a viable deal and cannot rate it any further. Please check your calculations and start again, or submit a different deal.
Please provide evidence in your Due Diligence Template (e.g. planning permission letter, written report from planning consultant, the offer in writing subject to planning)
Please provide evidence in your Due Diligence Template (e.g. email or letter from planning consultant)
Please provide evidence in your Due Diligence Template (e.g. confirmation of the deal)
Please provide evidence in your Due Diligence Template (e.g. a professional valuer’s valuation and/or comparables to calculate the GDV)
Please provide evidence in your Due Diligence Template (e.g.calculations and comparables to calculate the GDV)
Please provide evidence in your Due Diligence Template (e.g.builder’s quote, quantity surveyor’s report and a breakdown of your own calculations)
Please provide evidence in your Due Diligence Template (e.g. a breakdown of your calculations)
Please provide evidence in your Due Diligence Template (e.g. email with vendor or agent)
Please provide evidence in your Due Diligence Template (e.g. ball-park figure )
Based on your due diligence, we will not be able to rate your deal. Please review and compile more evidence first and then use the rate my deal AGAIN. These are the following areas for improvement:
GDV
GDC
Purchase price
Expected profit
Please provide in your Due Diligence Template evidence that the purchase price (inc. all costs) plus the refurb price equal to 80-90% of the estimated end value (e.g. your calculations)
Please provide evidence in your Due Diligence Template (e.g. email confirmation or message from professional)
Please provide evidence in your Due Diligence Template (e.g. builder’s quote for renovating a listed building where required)
Please provide evidence in your Due Diligence Template (e.g. report from planning consultant).
Please provide evidence in your Due Diligence Template (e.g. report from a planning consultant).
Please provide evidence in your Due Diligence Template (e.g. the 3 comparables - screenshots and URL links).
Please provide evidence in your Due Diligence Template (e.g. 2 comparables - screenshots and URL links)
Please provide evidence in your Due Diligence Template (e.g. 1 comparable screenshot and URL link).
Please provide evidence in your Due Diligence Template (e.g. confirmation from broker that you will get finance on a property of non-standard construction)
Please provide evidence in your Due Diligence Template (e.g. multiple builders’ quotes)
Please provide evidence in your Due Diligence Template (e.g. your detailed quote)
Please provide evidence in your Due Diligence Template (e.g. your builder’s quote)
Please provide evidence in your Due Diligence Template (e.g. Quote My Refurb report or screenshot)
Please provide evidence in your Due Diligence Template (e.g. evidence of your own detailed quote)
Please provide evidence in your Due Diligence Template of costs of ground rent and service charge (e.g. Estate Agent’s information or other document)
Please provide evidence in your Due Diligence Template (e.g. estate agent’s brochure)
Please provide evidence in your Due Diligence Template (e.g. estate agent’s brochure or tenancy agreement)
Please provide evidence in your Due Diligence Template that you have included the auction fees in your calculations (e.g. your calculations with auction fees)
Builders' quotes
Freehold Property
Leasehold Property
Leasehold Costs
Deal viability
Please evidence of differential between purchase price and current value (e.g. Your calculations)
As your total agreed price is 40% higher than the current value, we do not deem this to be a viable deal and cannot rate it any further. Please check your calculations and start again, or submit a different deal.
Please evidence that you have agreed on the purchase price (e.g. email from landlord or estate agent)
Please evidence of the property’s current value (e.g. official valuation, estate agent’s written quote, recent like-for-like comparables)
Please evidence that you have agreed on a Consideration Fee (e.g. email from landlord or estate agent)
Please evidence of the agreed term length (e.g. email from landlord or estate agent)
Please provide, in your Due Diligence Template, evidence of the agreed monthly fee (e.g. email from landlord or estate agent)
Please provide evidence that the Landlord will not be in breach of his own mortgage or insurance agreements (e.g. email from landlord and contract)
Please provide evidence that the Landlord will not be in breach of his own mortgage or insurance agreements (e.g. contract)
Please provide evidence that the Landlord will not be in breach of his own mortgage or insurance agreements (e.g. email from landlord)
Please provide evidence in your Due Diligence Template (e.g. screenshots of 3 comparables)
Please provide evidence in your Due Diligence Template (e.g. screenshot of 2 comparables)
Please provide evidence in your Due Diligence Template (e.g. screenshot of one comparable)
N.B. Questions 14-22 are not visible because they do not apply to you
Please provide evidence in your Due Diligence Template (e.g., a screenshot from local authority or estate agent)
Please provide evidence in your Due Diligence Template (e.g., a screenshot that you have grandfather rights and a certificate of lawfulness)
Please provide evidence in your Due Diligence Template (e.g. screenshot it is not an article 4 area currently but may change)
Please provide evidence in your Due Diligence Template (e.g. evidence that this is running as an HMO)
Please provide evidence in your Due Diligence Template (e.g. screenshot of HMO licence)
Please provide evidence in your Due Diligence Template (e.g. screenshots from HMO manager's opinion in writing, Spareroom, Propertymarketintel, etc )
Please provide evidence in your Due Diligence Template (e.g., a screenshot of comparable property renting at that price)
Please provide evidence in your Due Diligence Template (e.g., a screenshot of comparable renting at that price)
Evidence all monthly costs including but not limited to:
Evidence of your expected rental income such as:
Please provide evidence in your Due Diligence Template (e.g.Quote My Refurb screenshot or a builder quote if a refurb is needed
Landlord financial needs
Current value
Purchase price v. current value
Consideration fee
Monthly fee
Landlord’s mortgage and insurance
Monthly profit
Property Refurb
Refinancing Property
Please provide evidence in your Due Diligence Template of:
Total money up front - deposit, rent upfront, refurb costs etc
Total monthly Costs - rent, council tax, bills, maintenance costs, wifi etc
Profit per month
Profit per year
Estimated ROI
As your ROI is between 1 - 99%, we do not deem this to be a viable deal and cannot rate it any further. Please check your calculations and start again, or submit a different deal.
Please provide evidence in your Due Diligence Template (e.g. screenshot from local authority or letting agent)
Please provide evidence in your Due Diligence Template (e.g., a screenshot from the relevant local authority website that Article 4 is coming soon)
Please provide evidence in your Due Diligence Template (e.g. a copy of the licence)
Please provide evidence in your Due Diligence Template (e.g. evidence that this is running as an HMO such as tenancy agreements)
Please provide evidence in your Due Diligence Template (e.g. screenshot of HMO licence and link to relevant local authority’s Register of HMOs)
Please provide evidence in your Due Diligence Template (e.g. screenshot of agent’s registration)
Please provide evidence in your Due Diligence Template (e.g. email from landlord and/or letting agent)
Please provide evidence in your Due Diligence Template (e.g. email from the landlord or letting agent that there is no head lease restriction)
Please provide evidence in your Due Diligence Template (e.g. email from landlord and/or letting agent and a copy of the contract)
Please provide evidence in your Due Diligence Template (e.g. evidence of phonecall or meeting appointment with landlord or agent)
Please provide evidence in your Due Diligence Template (e.g. a copy of the commercial lease agreement)
Please provide evidence in your Due Diligence Template that the Landlord will not be in breach of his own mortgage or insurance agreements (e.g. email from landlord and contract)
Please provide evidence in your Due Diligence Template that the Landlord will not be in breach of his own mortgage or insurance agreements (e.g. contract only)
Please provide evidence in your Due Diligence Template that the Landlord will not be in breach of his own mortgage or insurance agreements (e.g. email from landlord only)
Please provide evidence in your Due Diligence Template (e.g. screenshots of HMO managers’ opinions in writing, Spareroom, Propertymarketintel, etc.)
Please provide evidence in your Due Diligence Template (e.g. HMO Managers estimate of rental value for that specific address)
Please provide evidence in your Due Diligence Template (e.g. screenshot of comparable properties renting at that price)
Please provide evidence in your Due Diligence Template (e.g. screenshot of comparable renting at that price)
Please provide evidence in your Due Diligence Template (e.g.costs calculations)
Please provide evidence in your Due Diligence Template (e.g.screenshot of wifi testing - fast.com or other website)
Please provide evidence in your Due Diligence Template (e.g.photos or floorplan)
Based on your due diligence, we will not be able to rate your deal. Please review and compile more evidence and then use the rate my deal AGAIN. These are the following areas for improvement:
HMO Status
HMO Licence
Agent registration
Landlord consent
Length of lease agreement
Break-clause
PIMS contract
Prepayment meter
Wifi
Fire Exit
Download Your Due Diligence Template.zip
Total money upfront - deposit, rent upfront, refurb costs etc
Income per month
As your total costs are BETWEEN 1 - 99%, we do not deem this to be a viable deal and cannot rate it any further. Please check your calculations and start again, or submit a different deal.
Please provide evidence in your Due Diligence Template that you have seen the Head Lease (e.g. copy of the Head Lease)
Please provide evidence in your Due Diligence Template (e.g. a copy of the contract)
Please provide evidence in your Due Diligence Template (e.g. email and contract)
Please provide evidence in your Due Diligence Template (e.g. contract)
Please provide evidence in your Due Diligence Template (e.g. email)
Please provide evidence in your Due Diligence Template (e.g. screenshots of 2 comparables)
Please provide evidence in your Due Diligence Template (e.g., a screenshot of one comparable)
Please provide evidence in your Due Diligence Template (e.g.costs calculations for changing from a prepayment meter)
Agreed length of agreement
Landlord's mortgage and insurance
This webinar is a MUST WATCH as I lay out the blueprint to follow in 2025!
You will not be disappointed…
Then my webinar is a MUST WATCH as I lay out the blueprint to follow in 2025!
