Client circumstances: Our clients were a property development company who were the winning bidders on a former department store valued at £750,000. They initially needed £375,000 to complete the investment purchase with a portion going towards substantial works which included a modernization of the property and the building of eight new residential apartments. As the …
Client circumstances: Our client required £128,009 to undertake a heavy refurbishment on one of their rental properties which included a loft conversion, downstairs extension, and a renovation throughout. The client was a British national based in the Middle East and they were planning to raise funds for the works by placing a second charge on …
Client circumstances: Our clients had recently submitted the winning bid on an unoccupied residential property with a value of £177,000 and they needed £115,000 to complete the purchase. However, the property was subject to a prohibition order which restricted anyone from living there due to safety concerns. This meant that no high street lender was …
Client circumstances: Our clients required £500,000 to purchase a former police station through their recently established SPV. Their intention was to convert the property into a block of apartments, but they needed funds to cover the full purchase and all associated costs. They were planning to raise the finances they needed by taking out a …
Client circumstances: Our client required £2,730,000 to purchase a five-bedroom investment property with an open market value of £3.9m in a highly desirable area of north London. Notice to Complete had been served and a completion date set. However, the client was a foreign national whose finances were tied up in shares in their home …
Client circumstances: Our client wanted to quickly expand his business and required £197,700 to purchase new premises for their cosmetic surgery company. They planned to use the equity in one of their buy-to-let assets- valued at £350,000 with an existing first charge mortgage of £29,800. As they didn’t have two years of accounts – an …
Client circumstances: Clients had purchased a residential investment property and had recently been granted planning permission to demolish the property and build an extended two-storey dwelling to increase its square footage. They had started the works using their own funds but when it came to raising further funds, they were unable to get a buy-to-let …
Client circumstances: Our client required £89,100 to purchase a development site through their limited construction and property company. They planned to build residential housing on the site and wanted to leverage the equity in their main residence, which was valued on the open market at £585,000 with an existing first charge mortgage of £206,400. The …
Client circumstances: We were recently approached by a broker on behalf of their client regarding funding for a development project. The client had started to undertake work on a series of six terraced residential properties but was looking to secure further funds of £514,097 to complete the project. He had already started the loan process …
Client circumstances: Our client was the winning bidder on a mid-terrace property in Swindon, valued at £135,000. The client needed £94,500 to complete the purchase, with a portion of the funds going towards some light refurbishments. Time was quickly running out and the client only had 14 days left in which to complete the purchase. …
