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.
Loan; £2,680,863.90 (56% LTV)
Repayment; Interest only