MK Properties

The pair started investing in 2007, joining Sheffield-based council schemes supporting homeless people, ex-offenders, refugees, and safe affordable housing for local families. Always with the ethos that they should provide high quality housing, they have grown their portfolio to 10 properties worth over £1.4 million.

“It might seem like a small business compared to those of some investors,” explains Mark, “but it’s both sizeable for the region, and fits our goal of providing a reasonable pension pot that will continue to grow as we add more properties.”

“We’ve always been clear on our exit strategy and about why we are doing this. But more recently we were able to adjust our strategy so I could leave work as an Area Security Manager and make this a full-time role.”

"Provestor has been key in helping us achieve this. They helped us with a complex company structure and set up when we decided we could no longer efficiently run 4 houses in personal names."

“We were novices at that time, but with the team’s help, we understand how we can tackle complex tax considerations. We simplified our approach to business and looked at how I could take a salary. I’m confident that we'll always get the best practice guidance on the situations we face and still end up with a strategy that supports our exit plan." 

As the company restructured it needed to work through director’s loans and shareholdings. “I really like the fact that you can tap into the team’s knowledge anytime. Doesn’t matter how big or small the query is, you’ll get an answer quickly.” 

“Sometimes you’ll be given different options with explanations because they always have your reasons for investing in mind when they give you advice. I really like the level of communication too – everything is documented in easy-to-understand terms that I can look back at.” 

Mark especially values Provestor’s understanding of the industry.

They get the day to day and what’s involved in running a property business. Take for example, mortgages. Lenders love us for our well-structured approach to accounting and the way we set aside cash for maintenance, the unexpected bills, and corporation tax. That’s all down to Provestor’s advice.

“I love the app that runs alongside it,” adds Mark. “In a couple of clicks, I can just download a report with details on salary, cash reserves, rental income and so on, and send it to the bank so they can decide on lending. It’s simple to use and I’m in complete control with the latest info.”

Mark believes Provestor gives unbeatable value, "Sure, you might be able to pay less somewhere else, but I'd consider what you'll save in the long run if you choose Provestor.”

“I’ve seen people make ill-informed investment decisions and come under pressure when interest rates have risen. I just don’t think that would happen if they’d sought out expert help.” 

Mark adds that the team is friendly and approachable and one that you can rely on, with excellent knowledge and understanding.

“The conversations I have with Provestor are based on commonsense and always look at the opportunities and risks. We’ll consider how things beyond our control, like interest rates or incoming legislation, could change the outcome. That’s invaluable.”