Our case studies

Million pound development finance arranged by the specialists in large mortgage loans

May, 06th 2016
Need million pound development finance? We have the banking contacts to provide a tailored solution where other lenders may not be able to help. To discuss this or any other large or complex mortgage case, please contact us on 020 7519 4984 or email us
 
Case Profile 
Our client, an experienced property developer, had the opportunity to acquire and develop a site with planning consent for the construction of nine new homes, however, all his capital was tied up in other projects. He was, therefore, facing the prospect of losing the site and missing out on the opportunity and realising the development.
 
Solution
Using our extensive range of contacts, we were able to introduce the client to a lender prepared to back the deal by funding 100% of costs, including interest roll-up. The lending was structured as a joint venture deal with a combination of debt and equity, the profits to be shared between the client and lender upon completion and sale of the new homes. Thus, our client was able to acquire the site and is now proceeding with the development. Upon completion he will enjoy a share of the profit, which he would otherwise not have been able to earn.

 

Deal Highlights
 
Loan amount:
£1,000,000
Funding:
100% of all costs
Term:
Up to 12 months for construction and sale
Structure:
Interest roll up and profit share
Loan purpose:
Site acquisition and construction of nine new homes
 
Notes
This case study is for information and illustration purposes only. It is not an offer, or suggestion of an offer. Each mortgage case is assessed on an individual basis and there is no guarantee that the solution described here can be repeated in the future.
 
Please note that this specific deal may not be available to - or suitable for - all customers, dependent on their individual circumstances. The rate quoted may become out of date at short notice and may not be available at the point at which customers enquire about it. This document may not contain all the information needed for customers to make a decision and they should seek advice.
 
Largemortgageloans.com is a trading name of Largemortgageloans.com Ltd. The Financial Conduct Authority does not regulate some aspects of commercial mortgages or business finance. A fee of up to 1.17% of the mortgage amount is payable, of this 25% is payable on application and the remainder on completion, e.g. on a mortgage of £1,000,000 the fee would be £11,700 of which £2,925 would be payable on application. The precise amount will depend on your circumstances.
 
Your home or property may be repossessed if you do not keep up the repayments on your mortgage.
  • This Month's Top Fixed Rate

    Fixed rate
    Initial rate: 1.35%

    Period: 2 years

    Rate will revert to a variable rate, currently 4.99% thereafter
    The overall cost for comparison is 4.46%

    1.35%

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  • This Month's Top Variable Rate

    Variable rate
    Initial rate: 0.97%

    Period: 2 years

    Rate will revert to a variable rate, currently 4.99% thereafter
    The overall cost for comparison is 4.37%

    0.97%

    More info

    Get This Rate


Some of this month's top interest rates are listed above; the actual rate will depend on your circumstances. Please note that this information does not contain all the details you need to choose a mortgage, ask one of our advisers for a personalised key facts illustration on 020 7519 4900. The rate displayed may become out of date at short notice.

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YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT
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largemortgageloans.com is a trading name of Largemortgageloans.com Ltd, 12 Pepper Street, London, E14 9RP which is authorised and regulated by the Financial Conduct Authority. We are entered on the Financial Services Register No 302228 which can be viewed here: www.fca.org.uk/register/. The Financial Conduct Authority does not regulate some aspects of buy to let mortgages, overseas mortgages and tax advice. Help and advice in regards to mortgages is available at www.moneyadviceservice.org.uk

Largemortgageloans.com Limited is registered with the Guernsey Financial Services Commission, reference number: 2269418, as a Non-Regulated Financial Services Business.

A typical fee of 1.17% of the mortgage amount is payable. Of this, 20% is payable on application and the balance of 80% on completion. For example on a mortgage application of £300,000 the fee would be £3,510 in total. Of this, £702 (20%) would be payable on application and the balance of £2,808 (80%) on completion. The total fee is non refundable. We may also be paid commission from the lender. The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK. Calls may be recorded for training and monitoring.
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