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Found 7 results

  1. Hi All, New to the forum and looking for some insight into what my chances may be of securing a btl mortgage in limited time, So to cut a long story short, I have purchased a flat in auction just on Friday 28/2/21, yes I know it's crazy but I haven't physically seen it. I was outbid on the actual auction, however it didn't meet the reserve so didn't sell. A week later I get a call, it's still available and being offered to me below the reserve before it's back in auction a week later, I make a lowball offer which was refused, I then offer to meet half way to the sellers asking price
  2. Hi there, I have a question on what deposit contribution is required at the point when you refinance onto a mortgage from a bridging loan upon its expiry.. For Example: - I purchase a property worth £100k using 100% bridging (secured against other properties I own) - I perform refurb works increasing value to £150k. - I refinance onto a 75% BTL mortgage once the bridge expires In this scenario, what deposit am I required to contribute at the point of refinance? Is it: £25k (25% of £100k) / £37.5k (25% of £150k) / other? Answer is probably really obvi
  3. Hi, New to property investing and very interested in flipping a property to fund an HMO (and build from there). I recently left my job, and have enough savings to keep myself afloat for a fair few months before a new source of income is required. It's during this time I'd be keen to refurb something and sell. I don't own any property, nor have I ever, but was wondering if I would be eligible for "bridging" finance, including refurb costs? I always assumed bridging involved selling an existing property during the bridge-loan term, securing the loan with your current property as w
  4. Hi, Can anyone recommend a bridger who they have had a good experience with, at reasonable rates and a reasonable turnaround time? Thanks, David.
  5. Hi, I'm looking to get a bridging loan for a property development project. I was wondering if anyone could recommend a decent broker that specialises in bridging loans for property development? Thanks, James
  6. Good morning all, I'm a newbie to the community and my expertise comes from over 30 years in helping clients to obtain funding either through second charge mortgages (secured loans as was), bridging finance, or development finance. Regards Steve
  7. Hi Just looking for some advice really. Apart from buying our home, we are fairly green when it comes to property development bar a passion to break the 9-5 rut. Would anybody be willing to share their expertise of buying a property to renovate and selling on using a bridging loan? I do understand its a very expensive way to borrow but not sure how else to get a foot in the door. cheers Sarah
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