We were contacted by a new client looking to remortgage one of his buy to let properties to raise money for improvements to his own home. As we take an holistic approach with our clients we reviewed their entire situation rather than just proceeding with a remortgage of his buy to let. The current position … Continue reading Left with an unencumbered property worth £825,000!
We were contacted by the client looking to raise money for a business rates bill of £32,000. They had a large commercial and residential building in London and had intended to let the commercial premises to a third party. Despite the third party spending money and 18 months getting planning permission for their intended use … Continue reading Loan for £32k biz rates bill!
100% ‘top up’ second charge loans for property investment now available up to 36 months! This extended time period is brilliant as it gives you far longer to use the facility without the pressure of repayment. You can in effect create your own bridging/revolving loan facility! It isn’t cheap but lending like this isn’t going … Continue reading 100% ‘top up’ loans!
We were approached by the client with a portfolio of 6 properties. The client is aged 58 and had already retired due to illness. They had 4 mortgages on very short terms with Rosinca (old MX mortgages) and were considering how they would fund their retirement and deal with the pending mortgage expiries especially in … Continue reading I LOVE THESE CASES!
Client had agreed an option on a commercial unit for conversion to a HMO and 4 commercial units; the agreed option price was £250,000. The client completed the conversion but due to the sellers tax deadline had less than 2 weeks to complete on the option and buy the property. We arranged bridging finance in … Continue reading 117% Bridging Finance
(Almost!) no money left in and £2,000 a month cashflow; Client purchasing a commercial unit for conversion to a HMO; purchase price was £125,000 with £30,000 cost of works. Using another property as security we arranged bridging finance for £100,000 (this was as much as the client wanted). The property was purchased and converted and … Continue reading £2,000 a month & No Money In
Client initially contacted us to arrange a mortgage on their new home they were buying. The lady had moved into her partners home and rented out her previous home. They intended to sell their current home but the property wasn’t selling so they needed some help. Upon discussing numerous options it transpired that the lady … Continue reading 2 B2Ls = Freedom!
Clients were moving into a new family home with granddad. Granddad and the clients had both sold their homes and had agreed a sale on their new dream home complete with granny flat! At the last minute the chain fell through and granddad lost the buyer on his home. Frustratingly the lady wanting to buy … Continue reading Grandad’s Flat
Client was buying a large property in London converted to 3 flats, two of the flats needed complete renovation and one of the flats had a long term sitting tenant in it and all three flats were on one freehold; all in all pretty unmortgageable without going for commercial finance. We suggested the clients separate … Continue reading 3 Flats & a Sitting Tenant
Client’s relative was moving into a retirement home. As the client was a property developer the intention was to refurbish the relative’s former home and sell it for a profit sufficient to purchase the new retirement home and give the relative savings for her retirement. However they couldn’t complete the works with the relative still … Continue reading Retirement Dreams Realised