client’s circumstances MT finance was approached by a developer focussed on an investment property worth £330,000 in London that had a good letting potential. He wanted to buy, refurbish it, and then rent it out but was unable to get a buy-to-let mortgage as the property was uninhabitable. MT Finance solution MT Finance provided a …
client’s circumstances Client required £262,500 to redeem an existing 2nd and 3rd charge that were coming to the end of term, on his £750,000 property. The client was the owner of a construction company and with the remainder of the funds, wanted to invest into his business in order to take advantage of a £3m …
client’s circumstances We were approached by a client looking for £3.2 million. The client had gotten caught up in interest rate swaps which ultimately resulted in defaults on his mortgage. The client’s mortgage lender sought repayment and appointed a Law of Property Act (LPA) receiver who took full control over the property and his tenant’s …
client’s circumstances Clients had exchanged contracts in 2013 to purchase an investment asset in Southwark, London, off-plan from a developer for £836,000. As the development reached practical completion a Notice to Complete was served by the developer, with a strict time clause requiring completion within 10 days, failing which the deposit would be forfeited and …