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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.

The basics:

  • Initial loan of £398,100

  • 65% LTV

  • 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.

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