Funding for the Renovation of a Unique Holiday Home

Funded: £91,000

Location: Anglesey, UK

Property Type: Holiday Let

Funds For: Development

Timeframe: Client Deadline

Our clients, highly experienced property developers, had purchased a unique stone barn in a rural location on the Isle of Anglesey. The property is situated in a unique location, accessed by a path through the woods.

The property has a restriction and can only be used as a holiday let.

Lowry Capital provided development funding of £91,000 for the renovation.

On completion of this interesting, high-spec property, the estimated sale value is over £400,000 in addition to generating a strong rental income from holiday lets.

Before

Development Site: Progress

Our Development Funding:

Lowry Capital is a lender of development funding. We provide loans of up to £4million within a few days.
As a principal lender, we lend our own money and make our own common-sense lending decisions.
We provide an award-winning service and you will always deal directly with a decision maker.
No upfront arrangement fees, no solicitors cost undertaking, we share a genuine desire to get a deal done.
Hands off lending approach: You choose and manage the professionals and contractors for your development.
Previous development experience not essential.
Our streamlined and highly efficient lending process guarantees ease of funds and speedy delivery.
We provide developers with flexible, bespoke funding, tailored to fit your schedule of works.
Funds can be drawn down in multiple tranches and you will only pay for the money actually drawn, keeping finance costs to a minimum.
Our funding helps with your cash-flow and allows you to keep significant funds from the sale of units.
Development funds can typically be drawn-down within 10 days.
No proof of income required.

You can learn more about our Development Funding Here.