Latest Completion
Bridging Loan - HMO Portfolio Purchase
LTV 90%
Successfully completed a complex transaction of 3 HMO Properties.
Project: Client to complete minor refurbishment and refinance on to HMO mortgages holding for long term.
Current Market Value £720,000
Purchase Price £540,000
Loan Amount £486,000
Term 12 Months
Bridging Loan - HMO Conversion
LTV – 75% (NET) and 100% (Build costs)
Project: Residential to HMO Conversion. Refinance existing facility to help our client convert this standard residential flat to 3 Bed HMO.
Loan Amount £400,251
Term 12 Months
Bridging Loan - Auction Purchase
LTV – 88%
First charge on security address and second charge on BTLs.
Project: Refurbish derelict property and refinance.
Loan Amount £330,000
Term 9 Months
Bridging Loan - Auction Purchase
LTV 100% (Net)
Completed this purchase for our client in 9 Days!
Project: Freehold Block of 2 flats. Buy, refurbish, split title and refinance.
Loan Amount £325,000
Term 12 Months
Bridging Loan – BMV Auction Purchase
LTV – 100% (With additional security)
Client was let down by another lender. We rescued the deal and secured the funding for purchase and development costs.
Project: Client to complete back to bricks full refurbishment, extension and refinance on to BTL mortgage.
Loan Amount £310,400
Term 12 Months
Bridging Loan – BMV Auction Purchase
LTV – 90% Gross, 85% Net
Successfully completed an auction purchase within tight timelines.Project: Client to complete minor refurbishment and refinance on to standard BTL mortgage.
Loan Amount £279,000
Term 12 Months
Bridging Loan - 13 Bedroom HMO Purchase
LTV – 75%
Successfully completed an auction purchase within 4 weeks with a complicated vendor.
Project: Fully refurbish the HMO, get retrospective planning and make it compliant.
Loan Amount £255,000
Term 12 Months
Bridging Loan – Residential Conversion
LTV – 75% (Day 1) and 100% (Refurb Costs)
Project: 1 to 2 Bed Flat conversion..
Loan Amount £227,000
Term 12 Months
Bridging Loan – Residential Refurbishment
LTV – 75% (NET)
Project: Standard Residential refurbishment of a derelict property.
Loan Amount £179,755
Term 12 Months
Bridging Loan – Short Lease Flat
LTV – 65% (Day 1) and 100% (Lease extension costs)
Project: Short lease flat for refurbishment. Helped our client fund the purchase AND costs for lease extension.
Loan Amount £139,000
Term 9 Months
Bridging Loan - Auction Purchase
LTV 65%
Successfully completed an auction purchase with tight timelines.
Project: Convert 1 bed to 2 bed and complete full refurb.
Loan Amount £135,000
Term 9 Months
Bridging Loan - Auction Purchase
LTV 100%
No additional security, based on current market value.
Project: Refurbish run-down flat and extend short lease.
Loan Amount £108,OOO
Term 9 Months
Bridging Loan - Standard purchase
LTV – 75% (Net)
Project: Refurbish derelict property and refinance.
Loan Amount £105,000
Term 12 Months
Bridging Loan - Auction Purchase
LTV 100%
Successfully met the auction completion timescales.
Project: Refurbish derelict residential property and refinance.
Loan Amount £95,000
Term 9 Months
Bridging Loan – HMO Conversion
LTV – 75% (NET)
Project: Residential to HMO Conversion. Completed in 3 weeks!
Loan Amount £67,500
Term 12 Months
Bridging Loan - Auction Purchase
LTV 75%
First time buyer, First time landlord and Foreign National on Visa.
Project: Refurbish derelict residential property and sell.
Loan Amount £30,000
Term 9 Months