Our clients had purchased the security 6mths prior for £195,000 and had spent £114,151 on refurbishing the property to a 6 bed licenced HMO with an end value of £410,000 (investment value) A private investor had a first charge over the security which the clients were looking to repay and capital raise for further property investment.
Security; 6 bed licenced HMO Value; £410,000 (investment value) Loan; £307,500 (75% LTV) Term; 10yrs Repayment; Interest only with 15% capital repayment
Our clients had purchased the security 6mths prior for £195,000 and had spent £114,151 on refurbishing the property to a 6 bed licenced HMO with an end value of £410,000 (investment value) A private investor had a first charge over the security which the clients were looking to repay and capital raise for further property investment.
Security; 6 bed licenced HMO Value; £410,000 (investment value) Loan; £307,500 (75% LTV) Term; 10yrs Repayment; Interest only with 15% capital repayment
Our clients (portfolio landlords) purchased the site in 2015 in a limited company name where the ownership was held; 50% personal name and 50% in a trust. They had developed the site to 4 x new build flats and 7 x new build houses.
After selling 1 x flat and 3 x houses, the re-mortgage requirement was for one loan application for the remaining 4 x new build houses and 3 x new build flats all on separate titles allowing the client to capital raise for further property investment.
Our clients (portfolio landlords) purchased the site in 2015 in a limited company name where the ownership was held; 50% personal name and 50% in a trust. They had developed the site to 4 x new build flats and 7 x new build houses.
After selling 1 x flat and 3 x houses, the re-mortgage requirement was for one loan application for the remaining 4 x new build houses and 3 x new build flats all on separate titles allowing the client to capital raise for further property investment.
Our clients had owned the property for 30yrs where they developed the security and were looking to capital raise for further property investment.
Security is an unencumbered freehold block of 16 x flats and a block of 2 x flats on the same title, all let to professionals.
The clients resided on a separate title to the front of the property being offered as security and access to the security was via their main residence – this caused issues for some mainstream lenders however we sourced a specialist lender that got comfortable with the case.
Our clients had owned the property for 30yrs where they developed the security and were looking to capital raise for further property investment.
Security is an unencumbered freehold block of 16 x flats and a block of 2 x flats on the same title, all let to professionals.
The clients resided on a separate title to the front of the property being offered as security and access to the security was via their main residence – this caused issues for some mainstream lenders however we sourced a specialist lender that got comfortable with the case.