051 | Looking to finance your next HMO property purchase? Interview with Marc Champ at Wharf Financial


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Nov 04 2020 46 mins  

RESOURCE LINK

  1. The HMO Experience Website (http://www.thehmoexperience.co.uk/)
  2. Download the 11 Steps to Running your successful HMO Property Business and other FREE RESOURCES (http://www.thehmoexperience.co.uk/resources-page)
  3. Sign up for weekly hacks and tips for starting and scaling your HMO Property Business (https://www.thehmoexperience.co.uk/subscribe)

IN THIS EPISODE

Your host Jamie Madill interviews Marc Champ about Marc’s journey from Lloyds Bank to setting up his own brokerage Wharf Financial. Marc is a longtime contributor to The HMO Experience community and has helped provide access to a range of facilities including development finance, bridging loans and residential + commercial property finance whilst delivering exemplary services to all of his clients.

If you want the lowdown on an exceptional financial solutions provider, make sure you check out this episode of The HMO Experience Property Podcast.

EPISODE HIGHLIGHTS

Introduction [00:00 – 01:45]

Getting into Finance [01:45 – 06:50

Old Banks & Challenger Banks [06:50 – 18:07]

Stepping Out Into The Light [18:07 – 32:10]

Packaging Up & Presenting [32:10 – 36:40]

Growing & Scaling in Uncertain Times [36:40 – 39:25]

How Can A Broker Help You? [39:25 – 42:00]

Random Questions [42:00 – 46:12]

KEY TAKEAWAYS

  1. If you have a good track record lenders will give better rates so protect your financial reputation
  2. A great broker will search the market to find the best finance solution for the project.
  3. In uncertain markets don’t over borrow and take sensible financial decisions
  4. Always deal with professionals and research your team to ensure they have the relevant experience

BEST MOMENTS

  • “History often repeats itself so if you want an idea of how things pan out take a look at the past”
  • “Banks & lenders are like boats, trying to get things changed takes time”
  • “It’s very rare that we can’t help a client find a suitable finance solution”

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CONNECT WITH THE HOSTS

Matt Harris - https://linktr.ee/iammattharris

Jamie Madill - https://www.facebook.com/jamiemadillproperty/

Steve Mitchell - https://www.facebook.com/vivocolettings

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