Lincoln chartered surveyor chalks-up £30m of property deals in two months

Banks Long & Co Managing Director Tim Bradford

Lincoln-based Chartered Surveyor Banks Long & Co has chalked-up more than £30 million worth of property deals – in just two months.

The business added that a further £16 million worth of transactions are also in the hands of solicitors.

The independent firm, headed by Managing Director Tim Bradford – said the completed transactions included 14 properties, from the south of England to Scotland. And he said this aspect of the property market is attracting a growing number of serious investors, looking to make their money work harder than ever.

“Over a number of years, we have built up a client base which places its trust in us to identify properties which have the potential to provide them with a regular rental income,” said Mr Bradford.

“We act for investors who have a wide range of requirements. Some of them have large amount of money to invest. But, in addition to buying properties, we also advise clients on the best time to sell, in order for them to reinvest the capital they have raised to improve their rental returns.”

Mr Bradford is Chairman of the Investment Panel of Property Agents Independent (PAI) – a network of independent firms representing all regions across the UK. He added: “Members are very well connected and are able to provide reliable advice to clients in all areas of the country through their involvement in the PAI network.”

Recent transactions include the acquisition of a pub and hotel investment in North London, the sale of a medical investment in Edinburgh, and the purchase and sale of property investments throughout the East Midlands – with a combined value of £19 million.

“The property investment market is really competitive at present. This has been driven by historically low interest rates, the lack of any real return from keeping cash on deposit and the volatility of the stock market.

“Many people now view property as a secure asset in which to invest and one that has the potential to provide higher rates of return compared with the alternative investment asset classes,” said Mr Bradford.

However, he suggested that putting money into property can also be a high risk move. Taking the advice and guidance of an expert, who is active within this sector, could turn out to be a “very valuable” decision.

“I have been working with a number of my clients for over 20 years and I treat their money as if it were my own,” said Mr Bradford. “It is very easy to buy a property which does not perform to expectations. That is why the service we offer clients, both in terms of sales and acquisitions, is designed to bring real added value and security to transactions worth millions of pounds.”