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An experienced developer of ours required a development loan in order to acquire a 2-bedroom bungalow and convert it into an HMO under Permitted Development.
We specialise in quick loans, and this time was no different. With our borrower requiring a quick bridge, we worked directly alongside the borrower and our legal team to ensure no delays. They intended to retain the property on a BTL mortgage, and with such significant experience and knowledge of the local area, we were more than happy to provide the full finance sought for both acquisition and development. The pictures speak for themselves!
