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
Heavy Refurbishment Bridging Loan for a Bungalow
Location
Portsmouth
Property Type
Bungalow
LTV
53%
Lender
Precise
Scenario
Client had commenced major renovations and extension works to current residence but had run out of funds to complete the project; therefore, he was looking to capital raise against unencumbered property to complete the extension works.
Solution
We secured a regulated heavy refurbishment bridging loan which allowed staged draw-downs to avoid the client paying interest on the full facility for the term of the loan, and due to the lenders simplistic approach to drawn-downs, this negated the requirement for an interim asset manager/ monitoring surveyor to attend the property saving the client more money.
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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.
