2866 - Haringey, London

Name of case study: 2866 - Haringey, London
Gross rate: 9.60% pa
Term: 12 months
LTV: 70.00%
Loan amount: £4,725,000
Type of property: Residental
Security: 1st charge
The security is located in the affluent North London Borough of Haringey, a ten minute walk from Hampstead Heath. Nearby boasts an excellent range of upmarket shops, restaurants and bars within the nearby Highgate and Hampstead villages.
The property is a freehold, the newly built detached house is currently finished to shell and core. The 8,826 sq ft property also includes a large garden and swimming pool at the basement level. The client required a £4,725,000 loan with an LTV of 70% and a rate of 9.60% pa to refinance from a previous lender. The client will sell to exit the loan allowing the new buyer to add their own finish to the property.
The property has an estimated market value of £9,850,000 assuming the development is fully completed. It could be rented out, providing an opportunity for future income.
Have something to add?
We would love to hear your thoughts. Submit your comments here:
Success
Thanks for sharing! All comments are reviewed prior to publishing.
Error
Sorry! Something went wrong, please make sure you have filled in all fields.