Client circumstances: Our client was a first-time buyer and first-time landlord who had recently purchased a residential property at an auction with cash, through their limited company where they were the sole shareholder. They intend to convert the property from two flats into a six-bed HMO and rent it out. However, they needed immediate short-term …
Client circumstances: Our clients were siblings who had inherited a three-bedroom residential property 14 years ago. They have been renting it out as an entire home ever since but, in a bid to increase their rental income, they recently decided to convert it into two self-contained flats. Planning had been granted and works had already …
Client circumstances: Our client, a property development company, had placed the winning bid on a residential auction property and had paid the 10% deposit. They had approached another specialist lender, but they were progressing too slowly and the initial 28-day deadline to pay the final balance had already been missed. Our client had managed to …
Client circumstances: Our client, an 86-year-old business owner in urgent need of a cash injection, needed to raise funds via their property portfolio. They had already started the process of selling a tranche of land with planning permission granted, expected to sell for £500,000. But time was of the essence, and that’s when their broker …
Client circumstances: Our clients submitted the winning bid on a residential property at auction, which they intended to fix up and sell for a higher profit. They wanted to unlock equity from one of their holiday rentals that already had an existing first charge to facilitate the auction purchase and they only had three weeks …
Client circumstances: Our client had previously taken out a bridging loan from a different lender to fund the purchase of an investment property which they were ‘flipping’. A portion of the funds had also been used to undertake a full refurb and they had planned to exit out of the bridging loan by selling the …
Client circumstances: Our client was a businessperson who owned a wholesale clothing company. Having lost a large portion of their stock to a fire, they had taken out a second charge bridging loan with another lender to help replace what had been damaged. While they had planned to sell their main residence to exit the …
Client circumstances: Our client was a portfolio landlord who was looking to purchase a new residential property via auction. Having submitted the winning bid, a deposit had been made and they needed to raise a further £292,500 within 28 days to secure the property. They had already approached a lender regarding a buy-to-let mortgage but …
Client circumstances: Our client had purchased an investment property the previous year and they were now looking to redeem the existing charge. In total they needed to raise £1,260,000 to repay the current loan as well as providing additional finance to fund a conversion and help to enhance the property’s capital value. Having already approached …
Client circumstances: Our client was the winning bidder of an unoccupied residential property which had a value of £100,000. They had already put down a deposit of £30,000 but urgently needed the remaining £70,000 to secure the property, which they were planning to rent out once the purchase was complete. As is standard practice for …
