{"id":85605,"date":"2020-10-17T11:13:37","date_gmt":"2020-10-17T11:13:37","guid":{"rendered":"https:\/\/mcgleenan.com\/?p=85605"},"modified":"2023-10-23T17:19:21","modified_gmt":"2023-10-23T17:19:21","slug":"one-stop-property-pension-service","status":"publish","type":"post","link":"https:\/\/mcgleenan.com\/one-stop-property-pension-service\/","title":{"rendered":"One-Stop Property Pension Service"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text]<\/p>\n<h2>One-Stop Property Pension Service Completion of First Transaction<\/h2>\n<p>We recently completed an initial test transaction, for an existing client, whereby McGleenan &amp; Co acted as arrangers in tandem with agreed roles &amp; terms for the Financial Broker, Trustees, Property Buyers Agent, Solicitors &amp; Insurance Brokers covering the entire transaction.<\/p>\n<p>In this case a busy Midlands SME client chose to leave the property viewing &amp; selection process entirely to our highly experienced Buyers Agents, with the full process taking in the following technically demanding, but prudentially essential steps:<\/p>\n<p style=\"text-align: center;\">1. Check pension capacity.<br \/>\n2. Set up pension trusts.<br \/>\n3. Obtain Revenue approval.<br \/>\n4. Open pension trust bank account.<br \/>\n5. Transfer initial funds from Co.<br \/>\n6. Transfer funds from other pensions.<br \/>\n7. Locate property.<br \/>\n8. Obtain professional valuation for Lender.<br \/>\n9. Obtain property investment approval from client.<br \/>\n10. Credit approval from Lender.<br \/>\n11. Sale agreed on property.<br \/>\n12. Obtain solicitors confirmation that non-recourse funding T\u2019s &amp; C\u2019s from Lender are as expected.<br \/>\n13. Confirm Municipal Authority\u2019s (\u201cMA\u201d) long-term leasing interest.<br \/>\n14. Contract issued conditional on MA Lease.<br \/>\n15. Obtain Management Co\u2019s consent to MA Lease.<br \/>\n16. Arrange Loan drawdown.<br \/>\n17. Close Contract of Sale.<br \/>\n18. Arrange liquidity top-up.<br \/>\n19. MA Lease T\u2019s &amp; C\u2019s agreed.<br \/>\n20. MA required work list prepared &amp; costed.<br \/>\n21. Insurance cover checked.<br \/>\n22. Works completed.<br \/>\n23. Fire Cert obtained.<br \/>\n24. Works inspected for MA.<br \/>\n25. MA Lease issued.<br \/>\n26. Tax Clearance obtained.<br \/>\n27. Lenders consent to MA Lease obtained.<br \/>\n28. MA Lease executed.<br \/>\n29. Management Co arrangements for Key-Holders.<br \/>\n30. Receive first of 240 monthly rental payments from MA by direct debit.<\/p>\n<p>If you are interested in addressing your future financial plans, then contact us for a free initial consultation.[\/vc_column_text][vc_single_image media=&#8221;85609&#8243; media_width_percent=&#8221;100&#8243; alignment=&#8221;center&#8221;][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text] One-Stop Property Pension Service Completion of First Transaction We recently completed an initial test transaction, for an existing client, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":85607,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[151,20,144],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>One-Stop Property Pension Service - McGleenan &amp; 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