Property investment has become increasingly more popular over the last decade, with many people looking at acquiring a buy to let as part of their investment strategy.
While Randolph Thom can help source single buy to let loans, we also provide support for more complex property investment. This can include sourcing funding for HMO’s (Houses of Multiple Occupancy), Multi unit Freehold blocks and specialist student accommodation.
We can also assist with development or conversion of these types of property. A number of the most common property finance products are listed below.
A buy to let mortgage is quite simply a loan secured on a property where the rental derived from the property is used to pay the mortgage interest.
Specialist Buy to Let uses this same model but used for properties such as HMO’s or Multi unit freehold blocks or even a portfolio of multiple properties securing a single buy to let loan.
Much the same concept as residential buy to let but specific to commercial or semi-commercial properties. These properties will have a commercial tenant who’s rent or commercial lease will fund the loans interest payments.
Often the quality of the covenant (type of tenant and length of lease) will determine how much can be borrowed rather than just the value of the building and monthly rental.
One of the most useful tools in property investment, a bridging loan can allow properties to be purchased quickly (auction bridging), can enable properties in poor condition to be upgraded (Refurb bridging) and also allow commercial properties to be bought without a tenant and give the new owner time to find one (commercial bridge).
Funding used to facilitate construction of new properties (both residential and commercial) generally using a staged draw down method of releasing funds to the borrower.
At certain stages of construction the work undertaken up to that point is certified by a building professional / surveyor and the next tranche of funds released. This allows the lender to manage their exposure on incomplete assets.
We pride ourselves on sourcing creative funding solutions for all cases, no matter how complex.
Let us source the lending product that works for you.
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