What we do - Discuss what you want to achieve

Midas negotiated with the developer to contribute 5% towards the deposit on a 2 bed property which was within the reach of Sam and Clare's budget. The developer also paid the legal fees and the stamp duty and supplied white goods and carpets. The lender required 10% deposit from the buyer and allowed 5% from the developer so the purchase became much more affordable. They were also pleased to be able to have Midas as an advisory service going forward and were also made aware of the potential of growing a pension in property for the future without needing to go and get high flying jobs to achieve their dreams.

Midas proposed releasing 50k equity from David and Penny's home to buy their 1st investment property with a plan to buy one property per year for the next 10 years. David and Penny were more concerned with rental income in the early years to supplement their income and then for the last 5 years of the plan wanted to concentrate more on the capital growth side of their investment.

Midas were able to recommend properties that started with income and allowed them to increase their standard of living taking the pressure of David’s earnings in the short term. Looking forward to the future at the age of 44 David and Penny will own 10 properties and David will have choices about what he wants to do with his career and whether he can retire early. Penny would also be able to start a home based business which she had in mind for when the children grow up.

Midas proposed releasing equity from James’ home to buy 2 properties from the outset and set James and Fiona up on an interest only mortgage on their own home. The growth achievable from these properties will allow Midas to look at growing the portfolio by 1 property per year until their target of 10 properties.

The plan would allow James and Fiona to pay off their mortgage in year 6 and start on the road to creating a passive income which will allow James and his family to spend more time together and James can look forward to an early retirement at 50, being able to travel the world and without paying into an expensive pension scheme.

Midas proposed releasing equity from John’s home to buy 3 properties from the outset and set John up on an interest only mortgage on his own home. The growth achievable from these properties will allow Midas to look at growing the portfolio by 1 property per year until his target of 6 is reached in 3 years when the rental income alone will pay for John’s outgoings at home, allowing him to stop working full time as a security guard and sign up with an agency to go part time or on call.

This will free up the time to concentrate more on his photography business. He is also reassured that his pension arrangements are now taken care of without having to contribute to a pension scheme every month and worry about the stock market under-performing.

Midas proposed releasing equity from Alison's property and arranging an interest only mortgage and combining her savings to buy 4 properties. The rental income from them allowed for most of her mortgage to be covered on her home. Midas proposed using her "buffer" to cover the remainder of the mortgage so she didn't have to find the extra from her own day to day finances.

Midas created a plan to buy one property per year to achieve Alison’s goals over 7 years. In year 7 the portfolio will be reviewed with a plan to pay off her own mortgage in full and continue towards owning 8 properties. Alison is thrilled that she has got her money working really hard and hasn't had to increase her outgoings and will be secure for the future. Once her business is sold she will have considerably more choices than before.

Midas took over the management of Louise’s portfolio and conducted a full financial appraisal and proposed releasing some equity for property number 6. The rental review also found that a further £500 pcm was achievable and steps were taken to achieve this in the next 6 months. Louise now feels she has everything under control and is also progressing towards her goals which will allow her to sell her accountancy business at 50 and retire early.