Case study: 2 Semi Commercial Properties in Birmingham
The clients have a property portfolio throughout the West Midlands and wanted to raise funds on 2 unencumbered semi commercial properties to gift to their daughter for her 1st property development project.
Initial loan of £398,100
Rate of 0.92%
Completed within weeks
Combined Valuation: £612,500
The 2 commercial elements comprised of a Mini Supermarket and a Vegan/Vegetarian restaurant. The restaurant has continued to trade over the last year after switching to become a Takeaway.
Even though the percentage of the commercial was higher than the residential, demand is high enough in the area for us to lend 65% LTV.