“I’d like to thank the team at YBS Commercial Mortgages, for the proficient way they handled the transaction from start to finish.”

How we helped

Leaside Timber & Builders Merchants Ltd, a small family business in Hertfordshire, needed an innovative approach to meet their lending needs. We were able to offer a deal involving five separate loans, including Commercial Investment, three Buy to Let refinances and an Owner-Occupied loan. The loan totalled more than £13 million overall, of which £1.6 million was our tailor-made Owner-Occupied product. 
There were lots of moving parts in this complex deal, so it needed a strong team effort from the valuers, the broker, and the client, as well as our internal teams, to get each stage of the process over the line.

The broker’s view

Laurie Baugh, managing director of Approved Finance Group, who brokered the deal, said: 

“We’re excited to be first over the line on the new Owner-Occupied mortgage, offering the best combination of products to suit the borrower’s specific requirements, as well as the best value. I’d like to thank the team at YBS Commercial Mortgages for the proficient way they handled the transaction from start to finish.  

The end result is that this established family business is able to proceed with its ambitious development plans - which will serve the local area once complete - as well as ensuring that they have liquidity in the business for their ongoing operations.”

The client’s view

Nick Cooper, director at Leaside Timber & Builders Merchants Ltd, the business-owner who benefited, commented:

“The deal worked really well for us, and has helped us to achieve our ambitions of refinancing our existing properties and funding the building of a new housing development. This will allow us to build 10 new homes, as well as employing at least 30 people.”

The deal

Refinance and capital raise
Five loans including one Owner-Occupied
£1.6m Owner-Occupied loan
69.6% LTV
Capital and Interest

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