Completed - £1.4M Residential Holiday Let Refinance in Mudeford

Alburys Property Finance is delighted to announce the completion of a £1.4M Residential Holiday Let Refinance in Mudeford

THE SCENARIO

The client was looking to refinance and capital raise to repay a business loan.

SECURITY

The property is a luxury 5-bed semi-detached house backing onto Mudeford harbour valued at £2M.

 OUR SOLUTION

• Gross loan £1.4M

• 70% LTV

• £800K Capital Raise

• 5.29% pa 2 yr fixed

• 24 months term

• 1.75% Arrangement Fee

• Interest Only

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.

CALL US ON +44 (0)20 3934 9998

Completed - £300K BTL 2nd charge mortgage in West London

Alburys Financials is delighted to announce the completion of a £300K BTL 2nd charge mortgage for one of our experienced landlord clients.

THE SCENARIO

Our clients are well-established property developers with 20 years of experience developing houses and apartments in Midlands and South-East and were looking to raise capital to purchase more properties. 

SECURITY

The property was a block of 8 flats in Uxbridge. 

REQUIREMENTS

As the client's first charge mortgage had redemption penalties, a second charge mortgage was needed.

 OUR SOLUTION

• Security Value £ 2M

• £300k 2nd charge

• 65% LTV once taking the 1st charge into consideration

• 3.75% Fixed 5 years

• 0% Arrangement Fee

• Interest Only

The client is a well-established property developer with 20 years of experience developing houses and apartments in London and the South East.

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements then please don't hesitate to contact us, we’d love to hear from you.

CALL US ON +44 (0)20 3934 9998

Completed - £3.9M BTL remortgage on a property in Cobham, Surrey

Alburys Financials is delighted to announce the completion of a £3.9M BTL remortgage on a block of flats in Cobham, Surrey.

 THE SCENARIO

In this case, the Borrower was a UK-based property investment business with UK-based shareholders and directors. The security was a freehold block of 18 flats in Cobham, Surrey

 REQUIREMENT

In order to obtain a better deal and the peace of mind that comes from knowing that their payments will remain fixed for 5 years, our Client decided to refinance through us instead of their current lender.

  OUR SOLUTION

• Security Value £6M

• £3.9M Gross Loan

• 65% LTV

• £125K Capital Raise

• 2.95% pa 5 yr fixed

• 1.6%Arrangement Fees

• Interest Only

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.

CALL US ON +44 (0)20 3934 9998

Completed - £4.5M Green Buy to Let Loan in Camden, North London

Alburys Financials is pleased to announce the completion of a £ 4.5M Investment Loan on a five-storey freehold block of 9 flats in Camden.

THE SCENARIO

Our client recently completed a new scheme of 9 flats in North London and was seeking to refinance away from their current development lender and raise capital for future projects.

Key requirements being:

5 years fixed competitively priced rate buy to let, up to 65% LTV.

  OUR SOLUTION

• Security Value £ 7M

  £4.5M Gross Loan

• 65% LTV

• £1.4M Capital Raise

• 2.95% pa 5 yr fixed

• 2% Arrangement Fee

The client is a property developer with more than 20 years of experience in developing houses and blocks of apartments in London and the South East.

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.

CALL US ON +44 (0)20 3934 9998

Completed - £1M BTL Mortgage in Bayswater, London

Alburys Financials is delighted to announce the completion of a £1M BTL mortgage.

THE SCENARIO

Our client is highly experienced in property refurbishment, both contractually and speculatively.

SECURITY

The property is a terraced house in W2 London which has undergone extensive refurbishment.

REQUIREMENTS

The client was looking for a buy to let remortgage, fixed for 5 years for an amount of £1M which was used to repay the current lender and capital raise for further projects.

 OUR SOLUTION

• Security Value £ 1.7M

• £1M Gross loan

• 60% LTV

• £450k Capital Raise

• 4.09% pa Fixed

• 120 months term

• Interest Only

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.

CALL US ON +44 (0)20 3934 9998

Completed - £5.1M Residential Investment Refinance Loan on 10 houses in Middlesex

Alburys Financials is delighted to announce the completion of a £5,075,000 Residential Investment Refinance Loan on 10 houses in Middlesex.

THE SCENARIO

Alburys Financials was contacted by one of our long-standing Clients, a highly experienced property entrepreneur based in the UK.

 The security property consisted of 10 detached houses in a private cul-de-sac in Middlesex which our client built-in 2015. It was valued at £7.5M with a rental income of £265K. The existing facility was £4.5m with a variable rate of 4.25% pa.

 The borrower required a new facility to refinance away from the existing lender. The loan was due to expire in just 4 weeks and the new terms being offered would have meant the client needed to inject £500K into the deal.

 Key requirements were to capital raise for the group's other projects and the ability to sell one or 2 units per annum without early repayment penalties. 

Critically, we needed to complete the loan in the short timetable to avoid the risk of any default interest incurred by the current lender.

OUR SOLUTION

• £ 5,075,000 Gross Loan

• 68% LTV (76% LTV based on block value)

• £500K Capital Raise

• 4.15% pa fixed for 5 years

• 1.5% Arrangement Fee

• Interest Only

• 20% overpayments allowed per annum

• 20% of any sales proceeds to be retained by the client

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.

CALL US ON +44 (0)20 3934 9998

Completed - £5.7M Resi Investment Refinance Loan consisting of 62 apartments in Birmingham

Alburys Financials is delighted to announce the completion of a £5.7M Resi Investment Refinance Loan consisting of 62 apartments in Birmingham.

THE SCENARIO

Alburys Financials was approached for a refinance facility by our Client, a prolific Landlord and Developer with properties across the Midlands and South East.

 The security property consisted of 62 new-build apartments in a block of 107 on a single freehold. The Client completed the property this year and having sold 45 units decided to retain the remainder for his portfolio. The security was valued at £7.5m with a rental income of £540k per annum.

 The existing facility was £1.6m with a current rate of 8.3% pa. 

 The borrower required the new facility to repay the current development loan, which we had arranged in 2017.

 Key requirements were to fix the rate, obtain max capital raise for other property investments and have the ability to make overpayments. 

OUR SOLUTION

• £ 5.7m Gross Loan

• 76% LTV

• £4.1m Capital Raise

• 4.15% per annum

• 5 year fixed

• 1.5% Arrangement Fee

• 20% overpayments allowed each year

• 20% of funds retained by the client for any sales made

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.

CALL US ON +44 (0)20 3934 9998

Completed - £1.6M Refinance Loan consisting of 3 luxurious flats and one retail unit in Clapham

Andy Stanbury, Director of Alburys Financials is delighted to announce the completion of a £1.6M Refinance loan.

 The Clients required a mid-term refinance and capital raise on a mixed-used scheme that they had just developed in Clapham.

 The converted scheme consisted of 3 luxury flats and a shop below. The annual rent was £110k with a completed GDV of circa £2.1M.

 The Clients’ main requirements were to repay the existing £800k loan and then capital raise for future projects.

 We were able to structure the following:

• 75% LTV loan with the addition of the arrangement fee added in giving a total loan of £1.6M

• Fixed rate 4.89% for 2 years

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.

CALL US ON +44 (0)20 3934 9998