Navigating Specialist Finance for Serviced Accommodation

24/05/2023 36 min Temporada 3 Episodio 90
Navigating Specialist Finance for Serviced Accommodation

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Episode Synopsis

#90On this episode of Expat Property Story, we dive into the world of specialist finance in development projects. Our guest, Steve Hand, shares his valuable insights as a seasoned mortgage industry expert with 23 years of experience.  We discuss various topics such as commercial valuations, investment diversity, and finding the right lender for your project.  We also look at the pros and cons of investing in serviced accommodation and why it's essential to calculate the true cost of loans and mortgages.  Join us as we share real-life examples of clients and projects, such as the case of two ex-guest houses in Morecambe that were reconfigured into an Aparthotel with the help of a commercial-type lender.  Don't forget to listen out for a listener review from Matthew in Singapore, who shares how the podcast has helped him take action in property investment and get answers to his questions. All this and more on Expat Property Story. To Join our Mailing ListTo leave an honest review of Expat Property Stor Express MortgagesSteve Hand on LinkedInSteve Hand on InstagramTo listen to Steve’s Desert Island Property Discdiversity, business model, location, strategy, tenant type, mortgage types, broker, due diligence, value, running costs, yield, lenders, bricks and mortar, compromise valuation, specialist finance, development projects, land registry, restricted covenants, income, serviced accommodation, COVID, holiday lets, commercial type lender, interest rate, product transfers, underwriting, borrowing amounts, assets, loan to value, true cost, spreadsheets, gut instinct, short-term products, long-term products, early repayment charge, Steve Hand, mortgage industry, Express Mortgages, property finance market, listener review, Singapore.