Property type 7 residential units
Property Value £5,000,000
Loan Value £3,000,000
Ltv 68%
Our client held seven individual loans with a single lender. After missing payments on just two of the mortgages, the lender called in the loans on all seven properties, issuing a formal demand with only 14 days to repay in full or face receivership.
Our bdm at rmsf negotiated directly with the lender to secure an extension on the repayment deadline. Simultaneously, our team arranged a £3 million bridging facility, allowing the client to refinance the entire portfolio and repay the outgoing lender in full.
The outgoing lender changed the repayment terms mid-negotiation, forcing us to renegotiate under pressure. Final deadline was met with just two minutes to spare. Several properties lacked full local authority planning approval, complicating the loan structure.
Thanks to our strong lender relationships, deep understanding of planning regulations, and creative structuring, we secured a deal that allowed certain planning conditions to be completed post-completion, satisfying both lender and client requirements.
Property type
Grade 2 Listed House with
Historical Significance
Property Value £5,200,000
Loan Value £2,600,000
Ltv 50%
Our high-net-worth client set out to acquire a grade ii listed manor house with 55 acres of land, steeped in historical significance. the property showed signs of subsidence and required structural repair, making it unsuitable for immediate letting.
To secure the funding, we navigated the structural concerns of the property to satisfy the lender's risk criteria, while also evidencing the client's strong serviceability during the planned refurbishment period. through careful staging and negotiation, we successfully supported the client in securing the asset at e1 million below the original asking price.
The property showed signs of subsidence and required structural repair, making it unsuitable for immediate letting. the btl strategy raised red flags, as the home was not in lettable condition at point of purchase. the extensive acreage added complexity, with lenders concerned about ongoing maintenance liabilities.
By presenting a detailed long-term investment case and leveraging our strong relationship with a high-net-worth lender, we secured a loan, despite the asset's initial condition. our strategic guidance helped structure a deal that allowed for property improvements post-completion, satisfying lender requirements and the client's investment goals.
Property type 5-Bed Residential Property
Property Value £2,250,000
Loan Value £1,650,000
Ltv 73%
The client was facing imminent repossession, with the property already in receivership and incurring £1,000 in daily default interest. with both senior and mezzanine lenders involved, equity was quickly eroding. the 5-bed terraced house was unfinished, lacked building control sign-off, and wasn't market-ready.
With just 3 weeks to act, our team secured a £1.65m bridging loan by leveraging our lender relationship to overcome risks such as the client having no building control approval and the client's lack of a portfolio.
Race against time as default interest rapidly ate into the client's equity. incomplete property with no building sign-off, creating lending risk. client was already highly leveraged with two existing lenders. we needed a lender willing to move fast with minimal client track record.
Through expert negotiation and our established lender relationships, we structured a deal that satisfied all parties, secured funding at 73% ltv, and completed within 3 weeks-just in time to prevent repossession.
Flexible Mortgages present an appealing choice for homeowners looking for personalized options and financial adaptability when handling their mortgages. They bring a range of advantages like reduced interest expenses and adaptable payment structures, proving immensely valuable in different circumstances.
Nevertheless, individuals should thoughtfully evaluate their financial objectives and willingness to take risks before deciding on a flexible mortgage, given the associated compromises and intricacies that might not align with everyone’s requirements.
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