Bespoke Lending
Open Market Value Borrowing For Large Loans & Commerical Property
With black and white Lender guidelines governing and preventing most below market value (BMV) transactions, it’s been necessary to source alternative funding. We currently are able to offer a case by case solution for large loans in excess of £1,000,000 and Commercial purchases based on open market value rather than a lower purchase price up to 85% loan to open market value. This is a BMV purchase and does not involve the need for a remortgage or intermediate Bridging Finance.
There are no fixed guidelines to quote, an Underwriter with sign off up to £5,000,000 and the ability to refer beyond it will be able to assess each BMV case to confirm it stands on its own merits (read on even if it doesn’t!).
Large Loans (greater than £1,000,000)
Any type of property will be considered, including:
To name but a few. Please do run all scenarios past us.
In addition to this the borrowing may be on a Personal, Business, Ltd Company, Offshore or Partnership Basis. Again, other vehicles may be considered.
Commercial Loans (greater than £1,000,000)
Although individual Commercial purchases may have limited loan to values such as Public Houses and Hotels, being able to borrow on open market value rather than a lower purchase price can greatly enhance your borrowing potential when it comes to putting in your offer or securing a purchase.
Estimated Costs
All Lending is structured to 2.5% above Bank Base Rate (NOT LIBOR), giving current payrates of 3% which are on par or even better than standard lending. A typical arrangement fee of 1.5% would apply. These fees and rates are of course subject to negotiation depending on the scenario and loan size and may therefore be higher or lower. Variable and fixed rates along with interest only and repayment options can be discussed to suit.
Lending can also be used as short term Commercial Bridging Loan Finance or as an immediate remortgage.
Dont forget to view our Estate Planning page & discuss the Stamp Duty with us.
Applicants
In a scenario where the income generated from the property falls short of comfort for the Lender, Accountants certificates or provable income and accounts can be used for additional borrowing.
In cases where the property is deemed to support itself, income proof is unlikely to be required.
Please use the contact us page with your enquiry
Note!
If you would like to receive updates from us regarding our BMV solutions, bridging finance and other schemes we run, please use the contact us page telling us a little about yourself and 
we will add you to our distribution list or use the form below.
The FSA do not regulate some forms of mortgages.