HMO Refurbishment Project
Case Overview
Our repeat specialist HMO developer clients returned to Montpelier Private Finance, seeking funding to acquire a 3 bed Victorian mid terrace in South East London. Their plan was carry out a loft conversion and a complete internal reconfiguration, so as to achieve a 6 person HMO, all with en-suites.
The challenge faced was that the proposed HMO was not in an area where there’s an existing proven market for such an asset class.
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Facility provided: Utilising a well established relationship with a specialist can-do approach funder, Montpelier Private Finance was able to present a robust rationale for lending. Pricing achieved being a 2% lender facility fee, 0.79% per month, 15 month term and no exit fee
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Montpelier Private Finance has full market access meaning that we are able to procure funding for a wide variety of funding requirements including complex cases. Get in touch if you have a case you wish to discuss.
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Bridging Finance Funding Solutions
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Auction finance available
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All assets welcome
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1st, 2nd and 3rd charge loans
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Non status/credit impaired welcome
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Terms from 1-36 months
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Residential bridging up to 85% LTV
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Semi-commercial & commercial bridging up to 75% LTV
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Land with planning up to 70% LTV
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No monthly payments
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Interest deducted from the loan, serviced monthly or rolled up