Latest Completion
Bridging Loan - HMO Portfolio Purchase
LTV – 90%
- Location: Leicestershire
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)
- Location: London
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%
- Location: London
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)
- Location: Bristol
Completed this purchase for our client in 9 Days!
Client was let down by another lender. We rescued the deal and funded 100% purchase with additional security.
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)
- Location: Wolverhampton
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
- Location: Orpington, South West London
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%
- Location: Bridgewater, Somerset
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)
- Location: Central London
Project: 1 to 2 Bed Flat conversion.
Loan Amount: £227,000
Term: 12 months
Bridging Loan – Residential Refurbishment
LTV – 75% (NET)
- Location: Bristol
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)
- Location: South East London
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%
- Location: London
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%
- Location: Kent
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)
- Location: Nottingham
Project: Refurbish derelict property and refinance
Loan Amount: £105,000
Term: 12 months
Bridging Loan - Auction Purchase
LTV – 100%
- Location: Nottingham
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)
- Location: Midlands
Project: Residential to HMO Conversion. Completed in 3 weeks!
Loan Amount: £67,500
Term: 12 months
Bridging Loan - Auction Purchase
LTV – 75%
- Location: Liverpool
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