Don't invest unless you're prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
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Don't invest unless you're prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
Client’s circumstances: A property developer who was the leaseholder of a property was looking to purchase the freehold of the property to finish the development of two residential buildings with a GDV of around £2.1 million.
Mustard’s service: Mustard provided a £511,596 loan, secured by a first legal charge over the freehold and additional second charges over other flats owned by the client, at a combined LTV of 42.5%.
The result: The client was able to purchase the freehold of the flat and refinance their loan into a lower rate facility with an established alternative finance provider after nearly completing the development.
