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: An experienced London-based developer was looking to refinance a senior stretched loan originally taken out to purchase the property as the loan was coming to maturity and they had a planning application pending. They received a loan offer from a well-known development and bridging lender and required additional funds to refinance the outstanding loan in full.
Mustard’s service: Mustard provided a second charge bridging loan of £102,473, behind the senior lender’s loan, with a loan term of 15 months and an LTV of 74.4%.
The result: The client obtained additional planning for the security property and refinanced the senior, and Mustard’s loan with a nationwide lender.
