We recently received an enquiry from one of our introducing brokers to ask if we could provide finance on 4 freehold flats. The clients were looking to re-finance their current bridging lender as well as raise additional finance to convert the ground floor of the building into another 2 flats. The lease holds to each of the flats were due to be created after we had lent on the property in order that the clients could re-finance our loan with a standard buy to let high street lender.

Upon referring to our solicitors, we were advised that we could indeed take a charge over the freehold of the building and we have just issued out our formal offer letter, offering the clients £250,000.