BESPOKE
GUIDES
TITLE SPLIT
FINANCE
TITLE SPLIT FINANCE
100% Finance of Purchase & Refurb Price Possible
What? Where?
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Multi Unit Freehold Blocks
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Target Purchase Price: £300,000 Minimum
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Split Value: 50% Upside for 100% PP
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London, South West, South East, Midlands & Major Cities
How?
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Find properties through Sourcing, Portals (OnTheMarket.com), ensure they are Freehold Blocks.
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Extensive due diligence on local leasehold market. There must be demand, there need to be recent sales comparables.
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Estimate value of each flat if split. Work out service charge and ground rent.
Funding
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70% Loan to Split Value
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0.99% per month, recommended term of 6-9 months
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2% Arrangement Fee
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£500 Admin Fee
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Lender Legal: Varies
How?
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Valuation: £1,500 - 3,000, depending on size and location. Specific instructions.
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Architect: Circa £2,500 on a building with 5 flats.
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Accounting: With advice £500-1,000 for correct structure
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Legal: £1,000 per lease, plus conveyancing and undertaking costs. Budget £10,000 on a building with 5 flats.
Property 1
5 Flats - South
Purchase Price: £470,000
Split Value: £700,000
Net Loan: £450,000
LTV: 95.7 %
Property 2
31 Flats - Wales
Purchase Price: £1,800,000
Split Value: £2,600,000
Net Loan: £1,620,000
LTV: 90 %
Property 3
Flats - North West
Purchase Price: £570,000
Split Value: £807,000
Net Loan: £505,000
LTV: 88.5 %
BREAKDOWN
Property 1 - Suffolk
5 Flats
List Price: £495,000
Purchase Price: £470,000
Split Value: £700,000
Net Loan: £450,594
LTV: 95.7 %
Loan Calculation
Split Value: £700,000
Gross Loan: 70% £490,000
- Arrangement Fee (2%) £ 9,800
- Interest (0.99% x6) £ 29,106
- Admin Fee £ 500
Net Loan: £450,594
Other Fees
Architect : £2,000
Legal: £7,500
Accounting: £1,000
Valuation: £2,500
REFINANCE
75% LTV on £700,000
= £525,000
Cash Out: £35,000
Deposit Worth: £175,000
GUIDES
HUNTER
LICENCE
HUNTER LICENCE
PRODUCT
Revolving Credit Facility (Regular & Shari'ah)
MISSION
Speed and Reduced Transaction Costs
Structure
Take collateral on an unencumbered asset. Provide drawdown facility.
Property valued and lend based on 70% LTV. First Charge taken as security.
Facility available to drawdown and repay on demand.
Cost
One time upfront fees. Arrangement Fee: 2%, Admin Fee: £500, Legal & Valuation
0.99% per month on any amount drawdown.
No underwriting required on usage.
Why?
With one time fees you will save on arrangement fees, valuations and legal. You will also save time as drawdowns can be arranged with a few days notice, instead of weeks.
TARGET
Auction, Foreclosure, IHT Events
GUIDES
SSAS SPECIALIST FUNDING
SSAS SPECIALIST FUNDING
GROUND UP DEVELOPMENTS / COMMERCIAL CONVERSIONS
within your SSAS
Once per 18 months, so as not to be consider "Trading".
Purchase Land /
Building within
SSAS
Fund Development /
Refurbishment Costs through SSAS
Project Complete
Building Certs
ready to issue
Development Finance optional up to 50% Net Asset Value
Own SPV
SELL
External Buyer
No limitation on frequency.
Development Exit Finance can be arranged
(if you took earlier finance and are retaining ownership, loan can be novated and topped up)
Purchase
£100,000
Build Costs
£200,000
Project Complete
Building Certs
ready to issue
SELL
Injection of extra £200,000
into SSAS
GDV: £500,000
"An opportunity to quickly grow your SSAS until your only
issue will be finding more trustees, having reached the
individual lifetime allowance "
VS.
REPAY
Injection of extra £30,000
into SSAS
Loanback
£300,000
Interest
£30,000
GUIDES
EXPERIENCE
BRIDGE
EXPERIENCE BRIDGE
Foreign nationals without a credit history in the UK now have access to a new financing solution that not only provides money for a property purchase but also creates potential access to significantly better future lending rates.
Providing a fixed amount up front, with the interest being paid off monthly and the capital balance at term, the investor can create a UK paper trail - potentially attracting significantly cheaper rates from a wider pool of lenders when it’s time to refinance.
After building credit, foreign investors may no longer have to pay high interest rates on Buy To Let mortgages, and in some circumstances may enjoy as much as 50% off the previous term rate.
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Exclusively for Foreign Nationals that lack a UK credit history.
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Only 0.83% per month or 4.98% over the 6 months
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A 6 month Serviced Bridge to build experience and a credit history to potentially qualify for improved rates on Buy to Let Term Mortgages in the future.
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Up to 70% Loan To Value
Additional Lender Fees include:
- Arrangement Fee 2%
- Administration Fee £695
- Survey Fee from £500 + VAT
- Solicitors Fee from £1,950 + VAT
- Security Release Fee £450