"> Are you struggling to secure property development finance?
Our Case Studies
Our Case Studies » Are you struggling to secure property development finance? Perhaps our team can help…

Are you struggling to secure property development finance? Perhaps our team can help…

There is no denying that the commercial lending sector is experiencing some challenges due to global events; however, we are still successfully securing loans for a wide variety of clients who are able to demonstrate that their proposition presents a viable opportunity.

In one of our most recent cases, our client owned a property with a commercial unit on the ground floor and two flats above. The client held an ambition to extend the property upwards, creating a further two flats on the upper floors, and required a mortgage to refinance their current loan, repay a personal loan and pay for the works on the project.

There were several challenges outside of the obvious issues being faced in the wider market. Firstly, the flats would be classed as new build properties which are historically more difficult to finance. Secondly, there were surrounding commercial properties which could affect the final value of the new build flats.

Our Associate Director Paul Fredericks was able to prove to the lender that the current building was providing a viable return by demonstrating continued rental income, despite the challenging market. This evidence meant the lender was happy to continue with the application, and our client’s development will be going full steam ahead.

If you are facing a challenge with your lending, don’t hesitate to get in touch with our team of expert advisors.

Return to Our Case Studies

Latest Articles/News

Case Studies

According to the Office for National Statistics, by 2066 the number of UK r…

Latest/Related News

It’s safe to say that 2020 has been a challenging year for many, but the …

Press Release

The team at largemortgageloans.com has collectively been nominated for thre…

Press Coverage

Lock down your finances for the coming storms…

LML Brochure

Download our brochure to find out more about largemortgageloans.com and what we can offer

Click to Download

Sign Up

Subscribe now, to hear from us on the latest mortgage market news, products and services.

Client Testimonials

Close

Live chat with
our team now

Chat

largemortgageloans.com