QUICK REFURB BRIDGING DEVELOPMENT LOAN FOR HNW LONDON LANDLORD
We arranged fast finance for this London landlord who needed to repay his mortgage in order to proceed with his development plans.
The Scenario
Our client is a high net worth landlord who was looking to develop his semi-detached Islington propery in a gated development into two maisonettes.
The single residence was originally valued at £1.2M. Our client’s basement dig and addition of two stories above would make two maisonettes, increasing the total site value in this rental hotspot to £2.5M
He needed to repay his current borrowing to allow him to split the title.
The bridge finance of £653,000 that he was looking for would repay his £553,000 mortgage, and give him £100,000 towards the building works.
The Solution
This was a very quick finance set-up, even by our standards.
Within five days of his initial enquiry, we had an agreement in principle for his desired lending, at a very acceptable 0.5% monthly.
He's now proceeding with the conversion works on his lucrative asset, with the aim of exiting with two buy-to-let mortgages and getting the two separate units onto the rental market as quickly as possible.
More about our bridging loan service.
Jack Spillane
Finance Broker
Bristol
0117 959 5094
Is your situation similar to this? I specialise in helping clients who need creative development finance solutions, and second-charge mortgages. Give me a call any time and we can set up a detailed discussion of the finance you need.
Mathew Phillips
Finance Broker
Bristol
0117 959 5094
Are you in a similar situation? I specialise in bridging finance at Clifton Private Finance - I will find you the best funding solution for your property transaction.
Alex Chambers
Senior Finance Broker
Bristol
0117 403 4324
Are you in a similar situation? I am a specialist in residential and investment property finance for UK and international clients at Clifton Private Finance. Please don't hesitate to get in touch for a no-cost discussion of the finance you need.
Luther Yeates
Senior Finance Broker
Bristol
0117 244 5561
Are you looking for a similar type of property finance? I have extensive experience finding residential and investment property finance for UK and international clients. Please get in touch and we can arrange a time that's convenient for you to discuss your situation.
Sam ONeill
Senior Finance Broker
Bristol
0117 959 5094
Is your situation similar? I am a bridging finance specialist at Clifton. I can find a quick, cost-effective solution for the funding you're looking for.
Robert Gibb
Senior Finance Broker
Bristol
0117 959 5094
Are you looking for mortgage or short-term finance for residential or buy-to-let property (including HMOs)? I have extensive experience in finding property finance solutions for UK and international clients, both as individuals and limited companies. Please give me a call and let me see what I can do for you.
Adam Arnott
Associate Director
Bristol
0117 205 0214
Is your situation similar to this? I have extensive experience of advising clients who need creative property finance solutions. Please get in touch and we can arrange a time that suits you for a detailed discussion of your requirements.