Funding a development project is one of the hardest loans to find at a competitive rate as a few high street banks have had this area sewn up for years, However, with the emergence of new challenger banks, there are many more options available.
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Mr M had found a property in London requiring full refurbishment and some structural works. Once complete the value of the finished property would be significantly higher. In addition, there were party wall and lease issues.
Because of our expertise in the commercial arena we were quickly able to organise financing of 75% of the GDV.More info
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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE JLM Mortgage Services Ltd is authorised and regulated by the Financial Conduct Authority, (FCA), registration number: 300629. The FCA do not regulate some forms of mortgages. JLM Mortgage Services Ltd is registered in England, No. 470 1803. The guidance within this website is solely targeted at consumers based in the UK. Registered office: JLM Mortgage Services Ltd, 21a Churchyard, Hitchin, Hertfordshire SG5 1HP. Registered company number 04701803. Registered in England & Wales. *A fee of up to 1% of the mortgage amount may be charged depending on individual circumstances. A typical fee is £495. In some circumstances no fee will be payable.