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Case Study 1

Unmortgagable Property

One client of ours bought a freehold house in London which was run down, with no working kitchen or bathroom. This made the property unmortgagable. The rental after the refurbishment would have been rather low for a buy-to-let mortgage at the value required due to being a London based property.
Because of this, we completed a refurbishment buy-to-let mortgage. This gave the client a bridging facility while the works were being completed and a buy-to-let mortgage on a 5 year fixed deal once the works were completed. 
This allowed the client to renovate the property and get a mortgage with one set of fees, minimising costs and maximising the borrowing available to him. 
Initial borrowing: £250,000 at 0.75%pcm
Works: £50,000
Mortgage: £300,000 at 3.19%

London Financial Growth Limited

info@londonfinancialgrowth.co.uk

07932949414

London Financial Growth Limited is an appointed representative of Fiducia Commercial Solutions LLP which is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales under registered number OC395302. Registered office: Aura Business Centre, Manners Road, Newark, Nottinghamshire, NG24 1BS. Registered in England & Wales FCA No 682460

Please do find us on the Financial Services Register via the link below, simply search London Financial Growth Limited

https://register.fca.org.uk/

 

Please do find us on the Companies House register via the link below, simply search London Financial Growth Limited

https://beta.companieshouse.gov.uk/

:LFG Mortgage & Protection​

info@londonfinancialgrowth.co.uk

07932949414

LFG Mortgage & Protection is a trading name of Just Mortgages Direct Ltd., which is an appointed representative of Openwork Limited which is authorised and regulated by the Financial Conduct Authority.
Just Mortgages Direct Ltd registered office: Colwyn House, Sheepen Place, Colchester, Essex, CO3 3LD Registered in England & Wales No 2412345.

Please do find us on the Financial Services Register via the link below, simply search LFG Mortgage & Protection, you will find us as a registered trading style of Just Mortgages Direct Ltd.

https://register.fca.org.uk/