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About the property

Name the property i Add a name or the address for the property so it makes sense if you show to someone else.
Postcode i Property postcode
Bedrooms i How many bedrooms are there going to be after the conversion?
Bathrooms i How many bathrooms are there going to be after the conversion?
Communal Lounge i Will property have a communal lounge, if so how many?

Purchase

Purchase Price i Tooltip info text
£
Market Value i What is the market value of the property? Can use comparables in the same street/postcode. Usually local agents are very good at determining the actual market value of the house.
£
Deposit % i How much your own money you are putting to purchase the property.
%
Deposit £

Mortgage

End Valuation (GDV) i A projected end value of the property for remortgage. (GDV)
£
Mortgage (LTV %) i Loan to value - (LTV) typically in range of 70% to 85%
%
Mortgage % i Rate at which your bank is going to remortgage the property, typically 4% to 8%
%
Mortgage amount
Monthly mortgage payments

Other purchase costs

Legal Costs i This can be for purchasing the property as well as remortgaging.
£
Sourcing Fee i If you use a sourcer, add their fee here
£
HMO License Fee i Please check with the council you are going to make the HMO in what the fee amount is.
£
Other costs i Anything else that is not listed above.
£
Stamp Duty i
Property purchase price
Stamp Duty rate
Up to £250,000
5%
£250,001 to £925,000
10%
£925,000 to £1,500,00
15%
Over £1.5 million
17%

Finance the deal (Bridge/loans)

Include renovation?
Include furniture?
Finance amount i Amount of borrowing required for the deal
Months to refinance i How many months you think its going to take the renovation and getting new finance deal?
Finance cost % i At what yearly % rate your lender is lending the money. It can range widely, depending on your circumstances it can be 8% or it can be 15% - check with your lender.
%
Project finance cost


Renovation Costs

Total £

Furniture Costs

Total £

Monthly Rent per room

Room 1 Rental
£
Room 2 Rental
£
Room 3 Rental
£
Room 4 Rental
£
Room 5 Rental
£
Room 6 Rental
£
Room 7 Rental
£
Room 8 Rental
£
Room 9 Rental
£
Room 10 Rental
£
Total £

Monthly Running costs

Insurance
£
Gas
£
Electricity
£
Water
£
Council Tax
£
Gardening
£
Cleaners
£
Broadband/TV Package
£
TV Licence
£
Maintenance i For new refurbishment usually its 5%, for older can be up to 10%
%
Voids i This usually is 5%-10% unless your circumstances are way different like 100% occupancy guarantee. then put 0%
%
Letting Agent/Management i HMO agents vary wildly, please check with your local agents to see what they are offering. Dont forget they might be charging VAT on top of the price, so count that in too.
%
Other (not listed) i Other Costs.
£
Total £

Summary
Market value
Purchase Price
BMV
Yields
Gross Yield
Net Yield
ROCE i Return On Cash Employed.
Years for money back
Profit calculator
Month
Year
Rental Income
Running costs
Mortgage
Profit
Financing the deal
Deposit
Renovation
Furniture
Other costs
Total Cash required
Finance costs
Cash left in

Summary
Market value
Purchase Price
BMV
Yields
Gross Yield
Net Yield
ROCE i Return On Cash Employed.
Years for money back
Profit calculator
Month
Year
Rental Income
Running costs
Mortgage
Profit
Financing the deal
Deposit
Renovation
Furniture
Other costs
Total Cash required
Finance costs
Cash left in