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 […]

Women in Finance: Interview with Donna Wells, Director, F4B

Donna has over 20 years’ experience working in financial services and has been with F4B for 13 years. Donna joined F4B in 2007 after previously working for Lancashire Mortgage Corporation where she was in constant contact with brokers and packagers, including F4B. Having initially joined the company as a case manager, Donna was promoted to […]