BUY TO LET MORTGAGE FOR A FOREIGN NATIONAL

KEY FIGURESPurchase price: £715,000Valuation: £680,000Loan Amount: £408,000Charge: 1st ChargeLTV: 60% of the ValuationTerm: 24 MonthsProduct: Buy to Let THE CASEThe applicant wanted to purchase a new build Buy to Let property in London.The applicant is a foreign national on an entrepreneur visa in the UK. THE CHALLENGEThe applicant was purchasing his first Buy to Let […]

BRIDGING SOLVES URGENT SITUATION

Mr M approached us because a lender had let him down at the last minute. He was due to repay a development facility and had 3 days to complete otherwise he would have incurred high default costs. First 4 Bridging arranged the facility through one of our lender partners and completed within the time-scale that […]

TAX BILL

The Director of X LTD, needed help when he received an unexpected tax bill. He came to F4B asking us for a bridging loan to pay the bill until funds from a business transaction came through, then he could pay us back… One of our Introducers came to us as his clients had two investment […]

PURCHASE OF A PROPERTY ABROAD

First 4 Bridging helped a couple raise £300,000 for the purchase of a property abroad. We were approached by a well known broker that needed to help their client, a couple, buy their dream home in Spain. The couple needed to raise £300,000 to complete the purchase, and this was raised against their unencumbered property […]

PROPERTY CONVERSION

We were approached by an Introducer whose client had converted a property he owned in Buckinghamshire into two flats. The mortgage on the property was nearing the end of its term, and the broker tried re-financing with a BTL mortgage. Although the client had split the property into two flats, both flats remained on the […]

QUICK BRIDGING LOAN FOR A BUSINESS PURCHASE

KEY FIGURESProperty Value: £420,000Loan Amount: £110,000Charge: 2ndLTV: 48% (including 1st charge)Term: 2 yearsProduct: Bridging Loan THE DEALClient was looking to secure £110,000 against their main residence, as a second charge. Funds were to be used to purchase a new business. THE CHALLENGEClient needed to complete within one week or they would have lost the deposit […]

ASSIST A DEVELOPER TO MAKE 284% ROI

KEY FIGURES: Property Value (GDV): £12,250,000 Total Costs: £8,400,000 Total Gross Loan Facility: £9,200,000 Charge: 1st & 2nd (Senior & Mezzanine) LTGDV: 80% Term: 2 years Product: Senior & Mezz Development Facility THE CASE: The client was looking to purchase a development site with planning permission to build 43 new build apartments and needed a loan to […]

FIRST 4 BRIDGING COMPLETE AUCTION FINANCE CASE WITHIN DAYS

THE CASE: We were introduced to a first-time landlord to raise a second charge loan against their main residence for a deposit on a BTL purchase at auction. THE CHALLENGE: Probate had been granted and the property was now being sold at auction and needed to complete quickly. THE OUTCOME: We were able to arrange both […]

FIRST-TIME DEVELOPER COMPLETES ON AUCTION PURCHASE

THE CASE: We were introduced to a first-time developer looking to complete on an auction purchase. THE CHALLENGE: The client was unable to secure acceptable terms due to the condition of the property and had only 12 working days to complete before losing their deposit. THE OUTCOME: We secured £283,500 towards the purchase of the property within 11 […]

URGENT BRIDGING CASE MEETS COMPLETION DEADLINE

We received an urgent buy-to-let funding enquiry for a client who wanted to gift his son a deposit for a property purchase. The vendor had set a very tight completion date within a week. We worked with the broker and the lender and completed the £300,000 bridging loan within the timeframe. Property value £800,00 Loan […]