Property professionals often need to access high leverage finance to seize on great property opportunities when they come along. We can help you source a stretched LTV facility designed to make your equity go further, allowing you to secure prime assets, and scale portfolios.
Funding is available up to 90% of the property purchase price or 70% of the 180 day value (whichever is lower).
This product is perfect for developers looking to hold back their own capital when buying properties below market value.
Borrow up to 90% of the purchase price or 70% of the 180-day value (whichever is lower).
This type of finance allows you to acquire properties below market value whilst preserving your own capital.
Finance from £50,000 to £3m. Large portfolios considered.
For property flippers, the need to move quickly on attractive opportunities when they come up can make all the difference. We recently helped clients secure a below market value property through specialised bridging finance with a high loan to value.
Our clients contacted us having identified a 2-bedroom semi-detached house in Exeter, on sale for £120,000 despite a current market value of £140,000. The vendor was motivated to sell quickly, offering the property significantly below its market value. The clients were looking to carry out light refurbishments to improve the resale value to £180,000 and make a profit.
The main challenges they faced included: Many lenders are cautious about BMV (below-market-value) deals; Our clients needed to maximise their loan-to-value due to a lack of deposit; And they needed additional capital for property improvements on top of the purchase price
We secured a £103,000 bridging loan at 90% LTV (inclusive of interest and fees), with a competitive blended interest rate (lower for the first 8 months, raising for the final 4 months should they need it). Notably, the loan was secured against the market value, not the purchase price, which not all lenders will agree to, and allowed them to reach the LTV threshold required.
There are very few products on the market that allow for this level of leverage This is ideal for experienced property professionals looking to acquire properties below market value (BMV) while preserving their capital for additional projects. Funding is available up to 90% of the purchase price or 70% of the 180-day value (whichever is lower).
If you're interested in learning more about this or other similar products, enquire now and speak to a broker and you may find ways to maximise your borrowing power.
If you are looking to get a mortgage in your later years, we recommend you speak to an expert who will listen to your specific circumstances and advise you on the best course of action.
At Clifton Private Finance, our team of mortgage advisors and the expert partners we work with are dedicated specialists with an in-depth understanding of the finer nuances of equity release mortgages, pension-backed mortgages and specialist retirement products.
We are here to help you find the right deals, obtain the best rates, feel confident and secure about the process, and enjoy a smooth experience when getting your mortgage.
Contact us today to ask any questions and get some personal help.
Still unsure? Call one of our experts on 0117 205 4833 or book a consultation
