The brief
Our solution
Underwriter quote
The complex requirements of this case demanded close correspondence between our team, the broker and the developers. Our underwriter on the case visited the property and met with the borrowers and the appointed QS to discuss the experienced developer's plans for converting the property. We were able to offer a highly competitive, 12 month solution at a rate of 0.84% per month. The drawdowns were carefully designed to support the developer at every step of the conversion process.
The borrower required a light refurbishment loan to cover the purchase of a detached house in London and fund 100% of the costs involved with converting the property into an HMO.
"Our proactive approach and close collaboration with all stakeholders allowed us to deliver a customised, competitive solution, ensuring the client's HMO conversion proceeded seamlessly."