First-Time Buyer Mortgage for a Mid-Terrace Property
How we helped our client secure secure a mortgage with no deposit but instead was receiving a non-family gifted deposit
Case Study
Development Finance for a Vacant Pub
Location
Bournemouth
Property Type
Vacant Pub
LTV
65%
Lender
Avamore Capital
Scenario
Client had purchased a vacant pub and secured planning for conversion to 8xFlats + 1×2 Bed coach house and required funding to support the refinance of the existing debt used to purchase the security + 100% of the build costs.
Solution
We provided a staged draw down development facility with interest rolled up and payable on redemption; the benefit of this product is the client had the security of knowing funds had been agreed in advance, but interest would only be charged on funds drawn – reducing his overall financing costs and increasing his profit margin.
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Get in touch
Whether you’re a first-time buyer, moving home, looking to remortgage or raise a second charge, dive into buy-to-let ventures, or looking to explore development opportunities, we have tailored solutions that cater to your unique needs.
