Case Study 14

Complex made easy

CASE STUDIES

Client looking to purchase 4 x vacant commercial units (light industrial) in a limited company. The units had full planning to convert to 4 x 1 bed resi properties in a commercial/resi location.

Security; 4 x vacant commercial units
Purchase price £450k,
Gross loan £296,310
Net loan £290,500 (64.56% LTV)
Term; 9mth term with full interest roll up
Exit; Switch to term finance
Total cost of works; £108k (funded from clients own funds)
GDV of £880k.

We have now arranged a BTL term loan on one application for all 4 BTL units at a borrowing of 75% LTV against a value of £945k

Case Study 14

Complex made easy

CASE STUDIES

Client looking to purchase 4 x vacant commercial units (light industrial) in a limited company. The units had full planning to convert to 4 x 1 bed resi properties in a commercial/resi location.

Security; 4 x vacant commercial units
Purchase price £450k,
Gross loan £296,310
Net loan £290,500 (64.56% LTV)
Term; 9mth term with full interest roll up
Exit; Switch to term finance
Total cost of works; £108k (funded from clients own funds)
GDV of £880k.

We have now arranged a BTL term loan on one application for all 4 BTL units at a borrowing of 75% LTV against a value of £945k

Case Study 13

Complex made easy

CASE STUDIES

LLH Flat Purchase – light refurb and lease extension

Our client was looking to purchase a LLH flat (66yrs) to spend £40k on works to the property including re-wire, plumbing, new bathroom, kitchen and en-suite to master bedroom (no planning needed and no structural works) and to also extend the lease throughout the bridge to 125yrs

Security; 2 bed long leasehold flat
Purchase Price; £450k
Loan; £306,172 (68% LTV)
Term; 12mth bridge
Cost of works; £40k (funded from client’s own funds)
GDV; £750k

All works were completed, and we are now arranging finance to switch to a term loan with the same lender on a loan amount if £507k against £780k value on a 5yr interest only term.

Case Study 13

Complex made easy

CASE STUDIES

LLH Flat Purchase – light refurb and lease extension

Our client was looking to purchase a LLH flat (66yrs) to spend £40k on works to the property including re-wire, plumbing, new bathroom, kitchen and en-suite to master bedroom (no planning needed and no structural works) and to also extend the lease throughout the bridge to 125yrs

Security; 2 bed long leasehold flat
Purchase Price; £450k
Loan; £306,172 (68% LTV)
Term; 12mth bridge
Cost of works; £40k (funded from client’s own funds)
GDV; £750k

All works were completed, and we are now arranging finance to switch to a term loan with the same lender on a loan amount if £507k against £780k value on a 5yr interest only term.