£1,830,000 Development exit loan for six new builds

Case Study

Steph Healey and Keagan Cole helped a client secure £1.83m of funding to refinance six newly built terraced homes that the client wanted to keep as a buy-to-let investment. The loan was agreed at 75% LTV with a 4.35% rate and completed within three months, allowing the client to repay their existing bridging finance.

The client is an IT contractor who develops property alongside their main career, using breaks between contracts to manage projects. This was their first completed development, with only one previous buy-to-let property that had been purchased rather than built. Once the build was finished, the properties were transferred into a subsidiary company and prepared for letting.

Despite the client’s limited development history, Stephanie and Keagan worked through the challenges and secured the right solution, helping the client exit the bridge and successfully retain the properties as a long-term investment.

Subject to status. Product and criteria availability is subject to change or withdrawal at any time. For intermediaries only.

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