Specialist Residential Finance
Refinance of a newly completed house converted to 6 self-contained flats in Swindon – together with the refinance of a semi-commercial property.
5-year specialist facility to allow the client time to repair their credit profile and at the same time refinance expensive personal loans used to complete the development.
The main property had been recently converted, however, each flat is under 30-square metres; they did not have separate meters and although the council had signed off the building regulations the right planning was not in place for 6 flats.
The Interesting Stuff
The lender had the ability to take a commercial view on the client position and the planning, providing a refinance of the current mortgage together with raising funds to clear expensive personal loans to finish the project.
Our client has now rectified the planning and will be able to refinance in 2 years’ time back to more competitive rates.
Looking for in-depth information about Specialist Property Finance?
Download our product guides covering bridging loans, buy-to-let, specialist fincance, development finance and much more...
Being armed with all the relevant information at the outset.
Providing the highest standard of service for both our clients and lenders.
Ensuring that the long-term goals of our clients are at the heart of everything we do.
Utilising our experience & relationships together with technology to improve the journey of our customers.