Our client was looking to purchase a resi 4 bed property to undertake some very light refurb works to convert to a 5 bed licenced HMO. His long-term intention was to apply for planning to develop a block of flats. Mainstream lenders declined due to the commercial location of the security and so a more specialist lender was required;
Security; 4 bed detached property Purchase Price; £600,000 (vacant possession value) Loan; £450,000 (75% LTV) Term; 2yrs Repayment; Interest only
Our client was looking to purchase a resi 4 bed property to undertake some very light refurb works to convert to a 5 bed licenced HMO. His long-term intention was to apply for planning to develop a block of flats. Mainstream lenders declined due to the commercial location of the security and so a more specialist lender was required;
Security; 4 bed detached property Purchase Price; £600,000 (vacant possession value) Loan; £450,000 (75% LTV) Term; 2yrs Repayment; Interest only
Our client owned a HMO property already and was looking to purchase 2 x HMO’s in a limited company name to add to his portfolio (2 x separate loan applications);
LOAN 1
Security; 7 bed licenced HMO Purchase Price; £425,000 (investment value) Loan; £318,750 (75% LTV) Term; 30yrs Repayment; Interest only
LOAN 2
Security; 10 bed licenced HMO Purchase Price; £545,000 (investment value) Loan; £408,750 (75% LTV) Term; 30yrs Repayment; Interest only
Our client owned a HMO property already and was looking to purchase 2 x HMO’s in a limited company name to add to his portfolio (2 x separate loan applications);
LOAN 1
Security; 7 bed licenced HMO Purchase Price; £425,000 (investment value) Loan; £318,750 (75% LTV) Term; 30yrs Repayment; Interest only
LOAN 2
Security; 10 bed licenced HMO Purchase Price; £545,000 (investment value) Loan; £408,750 (75% LTV) Term; 30yrs Repayment; Interest only
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