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Completing a residential development

Bridging loan Second charge Semi-detached Snaresbrook

Client’s circumstances: A professional couple required a bridging loan to complete the development of a pair of semi-detached houses in North London with a GDV of £2.2 million.

Mustard’s service: Mustard arranged a second charge bridging loan of £294,811, with a loan term of 12 months at 59.4% LTV, sitting behind a high-street bank.

The result: Mustard’s facility allowed the client to complete the development and refinance the loan with a Building Society.

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Property and business loans up to £1,000,000.