Case Study 8

Complex made easy

CASE STUDIES

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

Case Study 8

Complex made easy

CASE STUDIES

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

Case Study 7

Complex made easy

CASE STUDIES

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

Case Study 7

Complex made easy

CASE STUDIES

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

Case Study 6

Complex made easy

CASE STUDIES

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

Case Study 6

Complex made easy

CASE STUDIES

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