In this example, our client is a builder, who was looking for a plot to build a house in a specific area.  We were able to identify a suitable plot, a derelict bungalow in half an acre (not on the market), with potential for redevelopment.  We negotiated the purchase for our client at well below market value and we arranged the mortgage for them.  Our team are currently working on the design and will shortly be submitting a planning application for a replacement dwelling.  Once planning permission has been achieved, we will provide a production information package to allow our client to build the new house himself.

On this occasion we have been able to use our contacts and negotiating skills to secure our client the plot they were looking for.  We were also able to help them to fund the purchase when their own broker failed to secure a mortgage for them.  Having secured the site, we are now using our team to provide the design and information required to carry out the build himself.

There were three elements to our fee on this occasion; the first was a finder’s fee, the second is a success fee, based on a percentage of the uplift value, having achieved a planning consent (payable when planning consent has been achieved), and the third is a competitive fee for the design work.