Rockstar Property Partners with Metro Bank to Realise its Investment Vision
Britain is a nation of homeowners with nearly two thirds (63%)[1] of households in England owning their own home, while those owning more than one home has jumped by nearly a third (30%), or just over five million people[2], since 2000.
Investing in buy to let properties has always been popular, but managing these investments has become more complicated over the past few years with various new government policies targeting property investors. These include the increase in stamp duty for buy to let properties, cutting tax relief on property management costs, or as was just announced in Wales, council tax premiums on second homes to increase by up to 300%.
Owning and managing property can be stressful and time consuming, but there are alternative investment models for those still keen to invest in property without the hassle of day to day management.
Launched in July 2016 by founder Kane Andrews, Rockstar Property Partners’ ethos is to provide favourable and stable property investments for high net worth individuals (HNW), whilst also improving the tenant experience in shared-housing across the UK. Since his first property purchase aged just 22, Kane has developed almost 50 houses in multiple occupation (HMOs), partnering with HNW investors to expand the HMO model over the last decade.
Kane was inspired by his experience of neglectful landlords during his student years to create a challenger brand in the property sector. “The whole mission behind the company is to give tenants the experience I never had.’’
Rockstar Property place an emphasis on effective working partnerships, whilst the whole team assist with creating lucrative investments for their business partners.
Kane credits the support he receives from Metro Bank as one of the stepping stones to his success, having worked closely with one of Metro Bank’s local directors, Adam Durrant for some two years.
Each Metro Bank store has a local director and several local business managers. Together they support local entrepreneurs and business owners in their community. Each store stages regular networking and mentoring events, in addition to providing information on funding for growth and general fiscal management.
“Kane will call me to talk through his plans and I will tell him how Metro Bank can support and connect him with others within my network where it can add value to the Rockstar model,” explains Adam Durrant, Harrow Metro Bank’s Local Director.
“One of Metro Bank’s greatest assets is the service from its people,” explains Kane Andrews, CEO, Rockstar Property Partners. “Our local director has visited my home twice now, which takes me back to how banking used to be done. What I like most about Metro Bank is their combination of traditional banking methods, whilst also offering an unrivalled digital service.”
[1] Source Government report - Home ownership - published 4 February 2020
[2] Source Resolution Foundation