Case Studies

Purchase and finance of a 32 Bed Student HMO

Purchase price: £560,000 Loan: £618,556 (gross) Arrangement Fee: 3% (this is high and may put people off) Rate: 0.87% (this isn’t high and won’t put people off!) Term: 12 months Adviser: Peter Davies My clients had exchanged contracts on a … Continue Reading

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Second charge secured on two buy to let properties

Second charge secured on two buy to let properties  Our client, a retired buy to let investor with 20 years’ experience, owned four properties with a total portfolio value of £2.5m. The client wanted to raise £430,000 to pay a … Continue Reading

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High Net Worth second charge bridging loan to fund buy to let expansion

Our client, a married couple, owned a number of properties with a total value of £19m and had £6m of loans secured on the portfolio. They, therefore, had a net asset worth of £13m, which easily qualified them for High … Continue Reading

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Second charge loan for business purpose

Our client was a married couple with a portfolio of 30 buy to let properties. They were renovating two of these properties and wanted to raise £250,000 to pay for the cost of the works, but they did not want … Continue Reading

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High Net Worth second charge loan with rolled up interest

Our client, a married couple, owned a five-bedroom detached house in Hampshire which was valued at £4.5m, following significant home improvements and modernisation. They had an outstanding first charge mortgage of £930,000 on the property and achieved high net worth … Continue Reading

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Bridging finance for refurbishment of ground floor flat

Ms L was a new developer who approached Coreco SF on the recommendation of Sarah Beeny from Tepilo. She required bridging finance to purchase a ground floor flat in need of refurbishment which she intended to sell onwards following completion … Continue Reading

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