Mr and Mrs Gray had a portfolio of forty eight residential investment properties in London. The mortgages on the properties were through eleven different mortgage providers, and the portfolio geared up to an average 58 % LTV. The average yield across the portfolio stood at 7%.
Mr Shepherd approached us as he needed a commercial mortgage to purchase a warehouse he was renting. The freeholder was looking to retire and gave our client first option to buy. However, the deal required confirmation of funding and needed to complete within six weeks.
Property development finance is a type of short-term loan used for new builds, part-builds or property refurbishment schemes. For these types of projects a commercial mortgage is not an option since the properties are un-mortgageable. Therefore, property developers use development finance to give them the capital they require to complete these types of schemes.
Asset finance is a type of finance that gives businesses access to assets such as vehicles, equipment or technology, that they need to prosper and grow. It typically involves paying a regular fee to use the asset over an agreed period. The main advantage is that it avoids the business having to find the full cost of buying the equipment upfront and thus helps preserve working capital.
Nos. 55, 56 and 57 New Street, Chelmsford (collectively known as ‘Maynetrees’) is a Grade II listed building which formerly served as judges lodgings for the nearby courtrooms.
We are in a new world of responsibility and positive action - the “Blue Planet” effect, the rise of veganism as an environmental choice, the emergence of Extinction Rebellion as a serious force for change, calls for disinvestment from fossil fuels.
You will receive an email alert each time a new post matching your search is added to The Landsite.
Follow us
Sign up to The Landsite newsletter for the latest member insights, land and properties for sale across the UK, and stay in the know about The
Landsite and what’s happening with us.
Alternatively, follow us on our social media channels
