Frequently Asked Questions
What exactly is a coach?
Coaching is a form of development in which a person (the coach) supports a learner or client in achieving a specific personal or professional goal by providing training and guidance.
What exactly is a mentor?
Mentorship is a relationship in which a more experienced or more knowledgeable person helps to guide a less experienced or less knowledgeable person. The individual offering knowledge and guidance is the mentor.
Do you only work with new to property investors?
No, we also provide coaching, support and mentoring for investors who already have one or more properties who are looking to ensure they are not only set up for success but who have identified they would benefit from learning how to to it the right way.
Do you work with clients who are looking for rent 2 rent, rent 2 SA (services accommodation), SA or lease options agreements?
No, we are not a one-stop-shop for all property strategies. new2property are a specialist company working with investors who are looking to buy an investment property.
Why do you ask to see proof of my deposit?
Without a deposit, you will not qualify for a mortgage. Our buy to let model is to purchase a property with a 25% by to let mortgage. When offering on properties most estate agents will require a proof of deposit to take the property off the market. We ask for proof of deposit to ensure you are mortgageable and in a position to secure your first property.
Why do I need to be qualified by your mortgage adviser or prove I have an AIP (Agreement In Principle)?
We need to be sure that you qualify for a standard BTL mortgage so you can be in a position to offer on properties.
What happens if I do not qualify for a mortgage?
You will receive a full refund
How long will my mentoring last?
You will be mentored for six months or until you have handed the keys to your new property to a letting agent, your mentoring start date will be from the day you sign the terms and conditions. During your mentorship your mentor may have personal holidays (no longer than ten days at one time), you will be notified in advance and the duration will be added to your six-month program.
How much is the program and how do I pay?
The full six-month mentoring program with one-on-one direct access to Dan, our mentor and coach, as well as an initial consultation with our Property Accountant and Mortgage Adviser is a total of £2497.00. Payment is via bank transfer.
If you decide to work with our team of professionals, their professional fees are not included in the package.
Are there further program`s or courses once I purchase a property or get to the end of my mentoring?
No, we are specialists in helping investors buy an investment property, post the mentorship you will have all the knowledge and tools to allow you to continue successfully on your journey.
Do you source properties for your clients?
No, your mentor will coach you on how to find and check deals however we do not actively source properties for clients.
Do you get a commission from the professionals you recommend?
No, we offer independent and non-bias recommendations and don`t accept a monetary reward for putting you in contact with professional services.
How will I communicate with my mentor?
You will have an email address and phone number of your mentor, your mentor will communicate with you via WhatsApp and/or email, you have an unlimited amount of messages and will receive one phone call per week. Please note your mentor will reply to messages and emails Monday - Friday 18.00 - 22.00. You will also have access to a private group on Facebook, within this group you will be able to communicate with other mentee`s, only new2property mentees are invited to the group which creates a safe and secure environment for new investors.
Do you offer a grantee?
We offer a 100% satisfaction guarantee. We guarantee your satisfaction on our mentorship with a full refund. We will refund your payment in full at any time if you are dissatisfied with our mentorship.