Clever Lending recently secured a £180,800 regulated bridging loan for a Scottish property purchase by clients who had been traveling in a mobile home.
Clever Lending, the specialist finance packager, has recently facilitated a complex Multi Unit Freehold Block (MUFB) refinancing, helping a construction company consolidate its loans and raise capital for property investments.
In the realm of property investment, gaining a clear understanding of the distinctions between light, medium, and heavy refurbishment loans, alongside the crucial role of a detailed schedule of works, is paramount for both brokers and investors seeking financing.
Clever Lending quickly secured a £24,000 second charge bridging loan for a business property in three days, overcoming lender and legal issues and got approval within a day.
Clever Lending facilitated a £180,000 bridging loan for clients converting their £2 million residential property into holiday lets. Despite valuation delays and a Bank of England rate increase, the loan was completed in two months at a 15% loan-to-value ratio.
In the UK’s buy-to-let (BTL) sector, aging landlords are retiring, offering opportunities for remaining investors. Bridging loans provide quick capital access for property investments in a volatile mortgage market, enabling buyers to acquire and enhance property value, helping them succeed in this evolving BTL landscape.
Current market conditions mean property investors now have to convert properties into high yielding rental offerings to enable them to re-mortgage the properties at a later date and achieve the maximum loan-to-value (LTV) available.
Despite the global and local uncertainties of recent years, the specialty lending sector, specifically bridging loans, has experienced remarkable growth.
Development finance is a specialised area within the mortgage market that deals with funding for various types of development projects. It is considered niche because each project is unique, and the level of financing can vary significantly, ranging from tens of thousands to multi-million-pound deals
Curious about how regulated bridging loans can make your property dreams a reality? Let’s explore this fascinating option that’s reshaping the UK’s mortgage landscape.
Both landlords and investors need to move quickly when it comes to buying a property and not having enough equity to hand can make this extremely difficult.
Bridging finance is often associated with landlords and property investors in need of a quick cash injection in order to fund housing projects or purchase a property before renting it out or doing it up and selling it on for a profit.
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© 2024 Financial Makeover Limited. This website is operated by Financial Makeover Limited. Clever Lending is a trading name of Financial Makeover Limited, a limited company registered in England and Wales with registered number 6111701. Registered Office: Kempton House Kempton Way, Dysart Road, Grantham, Lincolnshire NG31 7LE. Financial Makeover Limited is authorised and regulated by the Financial Conduct Authority (FCA Register number: 706595).
Your initial consultation and any quotations are free and you are under no obligation to proceed with any options that may be available to you. If you choose to go ahead a fee will become chargeable. We will also be paid commission from the lender. The actual commission we receive will be confirmed in writing on your illustration.
Our calls may be recorded and monitored for training, compliance and complaint handling purposes.
Please note commercial mortgages and some buy to let and bridging loans are not FCA regulated products.
