Post Type Description

2nd charge refurbishment, SE21

second charge bridging loan

client’s circumstances The client was looking to raise funds to start refurbishment works on his freehold block of three flats. He was unable to acquire further funds from his buy-to-let mortgage lender as the size of his property’s basement did not conform with their lending requirements. MT Finance solution In just 14 days, we provided

refinancing for business purposes, W1K

Refinancing for business purposes

client’s circumstances The client required £1.7 million to invest into his business. He needed to repay an existing business loan and raise funds to purchase a new business premises that needed updating before occupation. MT Finance solution We provided the £1.7 million loan at 60% LTV as a second charge against the client’s main residence,

semi-commercial purchase, EN1

Semi-commercial purchase

client’s circumstances The client required £125,000 to complete the purchase of a semi-commercial asset comprising of an unoccupied flat, situated above a dry cleaner which the client was looking to use as a new business venture. The client had been served notice to complete and had tried to arrange their own finance through a commercial

complete commercial conversion, GL50

Commercial conversion

client’s circumstances Our client was in the middle of converting his commercial property into 3 residential properties. Structural works had taken place, and the client now required funds quickly to complete the internal works, so he could receive his Building Regulation Completion certificate. MT Finance solution We provided the client with a first charge loan

HMO conversion, SW18

HMO conversion

client’s circumstances Client required a £186,000 to convert a semi-commercial property into a house in multiple occupation (HMO) and had a specified completion date. The client wanted to take advantage of the demand for HMO property and time was running out on its completion. He needed the funds to pay the developers and expedite the

increase value of portfolio, SE5

Increase value of portfolio

client’s circumstances Our clients were looking to raise funds to complete refurbishment works on two properties in their portfolio. They were unable to get a mortgage from a mainstream lender as the properties weren’t lettable in their current condition. MT Finance solution In just 11 days, we provided a £162,500 second charge loan over their

raising a deposit, RH2

Raising a deposit

client’s circumstances Clients were looking to raise funds to put down a deposit on a large residential investment asset. They needed to move very quickly in order to take advantage of the opportunity and their mortgage lender was unable to provide them funds in the time-frame required. MT Finance solution In just over 2 weeks,

cross charge auction purchase, SE5

Cross charge auction

client’s circumstances Our clients required £316,000 to complete their auction purchase. They intended to buy the property as an investment, fix it up and sell it on the market against a higher value but they needed needed 100% of purchase price. MT Finance solution We used the client’s main residence by way of a second

lending against a portfolio, SW11

boost property values

client’s circumstances Clients held a large portfolio of 15 residential investment properties in the Greater London area. The clients wanted to go to auction to acquire further assets at significant discounts and wished to leverage further equity from their portfolio as a pre-purchase facility. Clients were referred to MT Finance as their mortgage lender would

funding lease extension, SW7

Funding lease extension

client’s circumstances A client was looking to raise funds to extend a lease on an existing property and put down a deposit on an additional investment property. The client had struggled to get financing from a majority of lenders as there was a short time-frame of seven years left on the lease. MT Finance solution

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