PP - 135k 180 day value - 200k GDV - 220k. The client wanted to purchase a property at auction, it's inherent value was 200k, it was bought for 135k. So we used our expertise to find a lender who lent on the market value and with a £10k refurb, it's value was projected to be £220k. The Bank was happy to lend on the "market value" based on the expected RICS, as it was considered a below market value deal. The client proceeded to purchase under an SPV (SPECIAL PURPOSE VEHICLE),

Refurb deal (240k) PP 120k Works 35k GDV 240K Our client successfully executed a strategic property deal, beginning with the acquisition of an asset for £120,000. The project involved a light refurbishment with a £40,000 budget, allocated for a full rewire and reconfiguring the layout of the bedrooms and living room to enhance the property's appeal towards a £240,000 GDV. Process:- The expertise of Always Wright Mortgages Limited was pivotal from the outset; our team secured

This housing crash will be different from in 2008, Analysts are saying this, and their reasoning is that the banks have a bigger capital requirement than last time, when banks were over-leveraged and lending more than the houses were worth. The thing that Analysts aren't talking about is that these house prices are more than what they were in 2008, and so the mortgage debt that buyers take on has increased since then, in some cases almost double. Moreover, wages have fallen i

4.75m GDV LTGDV 70% LTC 80% 4 UNITS. Case Study: Bristol development - Completed Client: A seasoned property developer with a portfolio of high-end residential projects. Challenge:To rapidly secure finance for a prime land acquisition and subsequent development, capitalising on a time-sensitive opportunity. Solution:Always Wright Mortgages structured a bespoke development finance facility through one of the biggest lenders, efficiently bridging the funding gap and enabling

The power of the SPV - why would you use one. Think of a Special Purpose Vehicle (SPV) as creating a brand-new, super-focused company...

This makes sense, I deal in bridging weekly, but don't always see the short lease flats being bought often. If this is your strategy,...

I had a great time at the Connect Awards 2023, the 25th anniversary of the awards show. It was a great event and everyone thoroughly...

The other month I was lucky enough to be invited to the Bridging and Commercial Awards 2023 in Fulham, London. I thoroughly enjoyed it...

On the 21st October 2023, Anthony the Economist and Mortgage Broker will be speaking at the East London Business Expo about how to build...

Last month I did an interview on "The Smart Landlord's show" explaining where i started and how i decided to help people understand...

A bridging loan is known as short-term finance, and is used as such. Often, buyers use it to "bridge the gap" between selling their house...

Buy to let properties are houses that are let out to tenants. They are bought as business investments by both individuals and (Special...

Self-employed mortgages are notoriously difficult to get from traditional banks. Over the years, they have been more open to the fact...

Variable rates are ever more important in a climate where fixed rates are going up and mortgage payments are costing more. A Variable...

An Interest Only Mortgage is a type of mortgage that is available, where the payments only cover the interest on the loan, not the...

Commentators and Economists have been saying that we have been through situations like this before with high inflation rates and a...

Today the budget we've all been sitting tight for just came out. The Chancellor Jeremy Hunt declared a raft of spending on Education and...

Over the last few years, in 2017 after Brexit I explained that there would be a recession in 2022 (I was right). I looked at a few...

The Bank of England recently put the base rate for borrowing up to 3%, so I hear a lot of clients asking me what that means for them. The...

Your credit rating is one of the most important tools that finance companies will use to lend money to you. There are three credit rating...