QUICK REFURB BRIDGING DEVELOPMENT LOAN FOR HNW LONDON LANDLORD

QUICK REFURB BRIDGING DEVELOPMENT LOAN FOR HNW LONDON LANDLORD

Area
Islington
Capital Raised
£653K

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.

 

Jacob Phipps

Finance Broker

Bristol

(+44) 0117 959 5094

Are you looking for a similar type of property finance? I specialize in helping international clients source residential and investment property finance for UK property. Please get in touch and we can arrange a time that's convenient for you to discuss your situation.

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.

Contact Us