DEMOLITION AND CONSTRUCTION
0.89% PM + 1% EXIT
60% LTV / 62% LTGDV / 83% LTC
With planning secured to demolish the bungalow, we stepped in to refinance the lender and craft a bespoke 15-month loan, complete with £720,000 in further advances to construct a three-bedroom dwelling.
The client required a development loan to demolish a bungalow in London and construct a two storey, three-bedroom dwelling in its place.
The prime location of the project, coupled with the excellent cooperation of both the broker and developer on the case made this a straightforward project that promises to deliver considerable uplift to the property.