PERMITTED PLANNING PERMISSION

solution:

Stages 1 & 2:

· 65% LTV bridging loan to acquire the property.

· After the relevant planning permission was in place.100% funding for the cost of converting it into 4 flats via a refurbishment loan.

Stage 3:

· After works were completed, exit was provided to above loan.

· A 3 year bridge-to-let facility gave the borrower the flexibility

· The product provided a 7 month ERC free period at the start of the term, within which Client could sell some (or all) of the units without penalty.

· From month 8 onwards it will become a serviced BTL loan once the remaining units are let.

Bear in mind…

The client was provided the certainty from day one regarding the funding on offer throughout their project.

Available throughout mainland England and Wales and minimum loan size is £150,000.

Whether a purchase, a refinance and/or a capital raise against an existing asset, I have lenders who have genuine appetite to lend

If you have inquiry on a Bridging, Refurbishment, BTL or Developer Exit I am happy to have a look and assist…

PHONE ME - 07950 175666

Your home may be repossessed if you do not keep up repayments on your mortgage