CASE STUDIES

BRIDGING CASE STUDIES

A Speedy Re-Bridge

CRYSTAL SPECIALIST FINANCE COMPLETES RE-BRIDGE IN JUST 4 DAYS A broker came to us with a client who needed a bridging loan to be completed quickly in order to repay a previous bridging loan that was coming up to term soon. The Property comprised of a recently converted 12 Bed HMO that would be fully...

Bridge Secured Despite Complex Estate Inheritance Issues

CRYSTAL SPECIALIST FINANCE SECURES PRECISE MORTGAGES’ BRIDGE DESPITE COMPLEX ESTATE INHERITANCE ISSUES Crystal Specialist Finance (CSF) used all their expertise to overcome a myriad of inheritance issues and secure a second charge bridge for a client needing finance for light refurbishment and moving costs. The applicant’s father recently passed away and she took state administration...

Ireland-based Ex-Pat Refurbishment

IRELAND-BASED EX-PAT KEEPS UK FAMILY HOME REDEVELOPMENT ON TRACK WITH CRYSTAL SPECIALIST FINANCE There was no luck needed for a mother and daughter in the Republic of Ireland who required a solution to finish development of the old family home in Surrey, thanks to Crystal Specialist Finance (CSF). At the outset the daughter contacted her...

£5.4m Ex-pat Re-bridge in 15 days

CRYSTAL SPECIALIST FINANCE COMPLETES £5.4M EXPAT REBRIDGE IN 15 DAYS An ex-pat borrower has boosted the value of a luxury apartment in central London after completing a £5.4million re-bridge with Crystal Specialist Finance (CSF). The Monaco-based businessman required the funds to clear an existing £5m bridging loan, with the remainder paying for a substantial refurbishment...

Commercial Bridging Loan

MAXIMUM NET ADVANCE, MINIMUM COST One of our brokers contacted us to help him arrange a commercial loan for a client who had been let down by a lender at the last minute. The client needed the loan to repay an investor who lent him the funds to buy six retail units at an auction....

Bridge-to-let

COMPLETING A PRECISE 'BRIDGE'-TO-LET IN JUST 17 DAYS Crystal Specialist Finance recently finalised a Precise Mortgages’ Bridge-to-Let product case, completing the application from start-to-finish in just 17 working days. The product is designed to help landlords maximise rental yields by refurbishing the target property before they rent it out, bringing together the flexibility of bridging...

Forward funded

REFURB TO LET Crystal utilised an 85% LTV bridge from Shawbrook Bank to ensure a property developer covered both property and build costs on his latest profitable venture. The house cost £75k, but with detailed inspection of the build schedule and a floor drawing which allowed the surveyors to estimate a final worth of circa...

Most difficult case in company history

NURSING HOME INCORRECTLY VALUED AS A RESIDENTIAL PROPERTY Crystal Specialist Finance (CSF) has completed “the most difficult case in company history”, securing a £1.7m mortgage on a new-start Surrey-based nursing home incorrectly valued as residential property two years’ previously. The five partners purchased the property for £2.4m in November 2016, using a £1.4m bridge based...

BUY TO LET CASE STUDIES

Expat Buy to Let

EXPAT WANTED TO PURCHASE A PROPERTY FOR BTL IN THE UK We were approached by a new build broker, looking to place a case for an ExPat client. The client was a teacher in Australia, had been there for a number of years, and wanted to take advantage of an opportunity in the midlands. They...

Overseas National’s Buy-to-Let Portfolio

A LARGE PORTFOLIO WITH A COMPLICATED OVERSEAS STRUCTURE The case was for a BVI registered limited company with 3 directors based in Singapore looking to remortgage a £5m portfolio to redeem the various existing lenders, but also to release capital to purchase additional property. Added to the complexity was the need to topslice rental income...

Bridge-to-let

COMPLETING A PRECISE 'BRIDGE'-TO-LET IN JUST 17 DAYS Crystal Specialist Finance recently finalised a Precise Mortgages’ Bridge-to-Let product case, completing the application from start-to-finish in just 17 working days. The product is designed to help landlords maximise rental yields by refurbishing the target property before they rent it out, bringing together the flexibility of bridging...

RESIDENTIAL CASE STUDIES

Land with residential properties

LARGE PROPERTY GROUNDS RESOLVED THROUGH SPECIALIST LENDER A broker approached us as he was struggling to place a property set in 5 acres of land. The client was clean, good income, no issues – other than the large plot on which the property sat. The land was not used for anything other than being the...

Complex made simple

A CHANGE OF HEART LEADS TO A COMPLEX SITUATION We were approached by a broker to help his client – a 67-year-old dentist living in London - who was approaching the end of the term on his residential interest-only mortgage. The original plan was for him to retire and downsize outside of London, however the...

COMMERCIAL CASE STUDIES

15 Hour Completion

CHRISTMAS COMES EARLY FOR CRYSTAL CLIENT WITH RECORD 15-HOUR TURNAROUND Christmas has come early for a client of Crystal Specialist Finance (CSF) after a stalled £748,870 deal was picked up and turned around in just 15 hours. The broker’s client, who required the funds to redeem a second charge bridging loan and to raise capital...

A Tasty Deal with The Food Group

UTILISING SECOND CHARGES ON BOSSES RESIDENTIAL HOMES Nine directors of the same company have secured a £1million funding package - through second charge loans secured against their homes - to expand their growing food business. The bosses at The Food Group needed £750,000 to clear an existing bridging loan and another £250,000 to invest back...

Commercial Bridging Loan

MAXIMUM NET ADVANCE, MINIMUM COST One of our brokers contacted us to help him arrange a commercial loan for a client who had been let down by a lender at the last minute. The client needed the loan to repay an investor who lent him the funds to buy six retail units at an auction....

Homeowner business loan

USING THE BUSINESS OWNERS HOME AS SECURITY We were approached for a £1m unsecured facility for an ice cream business to purchase new machinery, however had been declined by the main unsecured lenders. The business had 10 shareholders who could act as guarantor, all homeowners, however their wives were not happy to be guarantors. We...

DEVELOPMENT CASE STUDIES

An Explosive Development

AN EXPLOSIVE DEVELOPMENT A development project in Manchester has proven to be a highly explosive proposition after the developer found a live World War 2 bomb being used as a doorstop! The deal – which was sourced through Crystal Specialist Finance and funded by Affirmative – required the removal of a number of dilapidated buildings...

Large Residential Development

LARGE RESIDENTIAL DEVELOPMENT We take a look at a large development project case converting commercial offices into residential homes. Crystal secured deals totalling over £9.1m to ensure the successful purchase and development of a largescale residential project for an established property developer. The overall gross development value of the project was over £18m and included...

Complex land titles

DEVELOPMENT SAVED WITH NEW LENDER A broker approached us with a client who was looking to finance a development project in South Birmingham. Planning permission for 7 houses and 1 apartment had been granted and the construction had already started. During the initial solicitors’ enquiries, it came to light that there were two areas of unregistered...

SECOND CHARGE CASE STUDIES

No Crystal App Fee on Second Charges in September

WE ARE WAIVING CRYSTAL'S APPLICATION FEE ON ALL REGULATED AND NON-REGULATED SECOND CHARGE LOANS IN SEPTEMBER* Second charge mortgages are a great way to raise capital if your client doesn't want to lose their current 1st charge rate, are struggling to find unsecured lending or if they want to avoid paying high ERCs. Crystal's dedicated...

Debt consolidation

SECOND CHARGE USED FOR DEBT CONSOLIDATION WITH LOW INCOME An introducer contacted us with a client who needed funds to consolidate debt that was spiralling out of control. The client was struggling with his outgoings and needed a solution that would allow for one simple payment every month. The good news?... He had a clean...

Overdue Tax bill

OVERDUE TAX BILL FINANCED WITH A SECURED LOAN A broker approached us with a client who needed funds to clear an existing second charge loan and pay a tax bill. The case was declined by a high street lender due to the high LTV (95%), the client's overdue tax bill from previous years and his...