A snapshot of loans funded across London and the South East — each structured, underwritten and drawn down by BMS directly.
The facility provided the borrower with time to carry out an internal refurbishment while submitting a planning application for a new-build house in the rear garden. Subject to a positive planning outcome, BMS will look to provide the development finance for a swift completion.
BMS funded 100% of the purchase costs for a borrower acquiring the property via auction. Two unencumbered properties within the borrower's portfolio were used as additional security, allowing us to fund the full amount required. BMS navigated a complex ownership structure involving multi-layered subsidiaries — demonstrating our flexible and commercial approach to lending.
BMS provided a £4.2m refinance for a development of nine houses in Sutton. The borrower, a long-standing client of over 35 years, required a quick turnaround to allow additional time to complete the sales of the nine homes, all of which are under offer. The transaction was completed in under a week.
BMS provided a £1.085m loan to support a long-standing client with the acquisition of a freehold building in the final stages of construction, internally arranged as five self-contained flats. After being let down by another lender and put under notice to complete, the borrower approached us — and we successfully completed the loan in under 24 hours from the initial enquiry. The loan reflects a LTGDV of under 50%.
A borrower had bought a house in Folkestone for £320,000 to divide into flats. His finance was pulled with a week to go. BMS stepped in, provided the loan, and he refinanced shortly after — saving his £32,000 deposit.
A company with a restaurant and residential upper parts secured planning to add a floor of flats. It needed £650,000 to refinance and build. We funded the deal. The property has since more than doubled in value.
Directors of a trading company needed £1.4m in a week to complete a £30m residential scheme in Portugal. We secured the loan against their personal homes and produced the funds bang on time.
A buyer at auction won a property in Fulham for £850,000. Her bank manager was away with days to completion. She came to us reluctantly — we obliged, and her £85,000 deposit was saved.