property finance case studies
TRANSCRIPT
• Plot of land purchased speculatively in 2013 for £50,000 (unencumbered)
• Planning obtained for 4 bed detached house• Owner’s cash tied up in land and another development site• Secured 100% of build cost £270,000 with bridging company, based
on GDV of £495,000
• Clients exchanged contracts on new build house and paid deposit• The purchaser of their existing house pulled out at the last minute• Clients faced losing money if they didn’t complete• Secured a Let to Buy mortgage of £192,000 (64% LTV) based on a rental
value of £12,000 per annum• First time landlords
About Samantha Williamson
• Qualified in law and accountancy, and commercial lending
• 19 years banking and underwriting experience with various lenders
• Specialist in property investment and property development
• Access to high street lenders and specialist lenders
• Bespoke property consultancy and finance packaging
• NACFB member (National Association of Commercial Finance Brokers)
