183: Good news on mortgage products and a marginally hungover Victoria make this our best update yet!

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Mike and Victoria StenhouseThis is the 15th of our monthly updates, which is the first in a couple of months actually, and whilst Victoria joins me in the second half to discuss our own property progress, I started off the show by welcoming back a guy who has helped me and many of our listeners get some amazing finance products on property deals.

You might remember Howard Bowes from episode 76 where he shared his own property story, but he’s back this time to provide an update on the mortgage market including good news on interest rates and eligibility requirements for more bespoke finance products.

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Our Property Update

This month Victoria and I discuss each of our current projects including Churchgate which is a 9 bedroom HMO nearing completion, and Chestergate which is a 6 bedroom commercial to residential project we’re just getting started on.

We’re also going through conveyancing on 3 future projects: a piece of land we hope to build a small block of apartments on in Stockport; a large office we’ll be converting to 6 apartments; and a terraced house which will be converted into a 4 bedroom mini-HMO.

What Else Has Been Going On?

Last week we hosted one of our Mastermind Face to Face meetings for our Mastermind group members. We spent the weekend in Nottingham, helping each other plan our strategies for rapid growth and overcome obstacles we’re facing in our property journeys, as well as doing tours of projects owned by our group members.

We have about 15 members in our group of ambitious property investors, and we like to keep it around this level but have space for one or two more. If you’re an experienced investor or developer looking to grow your business and surround yourself with some amazing people then check out the details of our group here.

We’ll be back again next month with another update, when we’ll hopefully have at least one of the future projects through conveyancing and ready to start work.

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