Hobbit Holdings Group
Hobbit Holdings Group
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Projects we have secured funding on:

Barn Conversion £513,750.00 Funded

HMO Conversion - 90% LTV Funded Day 1

HMO Conversion - 90% LTV Funded Day 1

This stunning derelict barn in Hereford was in need of some desperate TLC. Our client had started the project and the existing lender had taking some issues, deciding not to further fund the conversion. We stepped in and provided the full funds to repay the existing debt and a further £200,000 to finish the conversion to create a stunning countryside Villa.

HMO Conversion - 90% LTV Funded Day 1

HMO Conversion - 90% LTV Funded Day 1

HMO Conversion - 90% LTV Funded Day 1

Long standing clients building their cash flow and portfolio by converting this terraced house in Newport into a luxurious HMO for professionals, ideal property to convert. We secured funding for 90% of the purchase so the clients could stretch their funds further and secure another project to ensure they meet their companies growth target.

Air Space Development £1.87m Funded

HMO Conversion - 90% LTV Funded Day 1

Air Space Development £1.87m Funded

An Existing Semi Commercial block with 18 flats and a large commercial unit gained planning for 10 additional flats over 2 stories to be built on top of the block. We cross charged over 2 properties  to give £500,000 day 1 for all of the structural work and an additional £1.37m to complete the build to s staggering £3.5m GDV over just the 10 new units.

Back to Brick Refurb 100% Financed

Air Space Development £1.87m Funded

Funding 100% of the purchase, all of the refurb and managing to get the client a refund on their SDLT, this is a prime example of having a great team around you. Standard refurbishments are our bread and butter and we love making our clients happy!

Repossessions - Repositioned

The last few years have been very unkind to a majority of portfolio landlords, increases in base rates, COVID putting an abrupt end to employment impacting rent payments, SVR mortgages unchecked and terms ending during this time meant thousands of landlords missing mortgage payments and defaulting, leaving them facing repossession. We have managed to save 100+ properties, providing finance as quickly as 2 days if needed. Every case for repossession is prioritised and handled with the utmost care and attention to ensure we get the positive outcome you need.

Re-Bridging & Development Exit

Projects can incur delays and plenty of unknown issues and this one was certainly no different. We started with finding there were no utilities connected to the property, moved into delays on site with COVID and then theft of tools and a boiler from the site site, the contractor going bust and a multitude of additional costs for the refurb. 

We negotiated a cheaper bridge to repay the existing and buy additional time this allowed a refinance onto a long term mortgage pulling out £95,000 from the property, saving the client from potential repossession and total loss on the project.

Please think carefully before securing any debts against your home. Your home may be repossessed if you do not keep up repayments on your loan or mortgage.

   

Hobbit Holdings Group is a Trading Style of Hobbit Holdings Limited 15558513, registered at 109 Pant Glas, Cardiff, CF23 7EX. Company Register number is 15558513. ICO registration ZB694470 and you can check via www.ico.org.uk. 

Hobbit Holdings Group is not authorised by the Financial Conduct Authority and can only complete non-regulated introductions. We work with An unrestricted number of Lenders to find a potentially suitable arrangement for your consideration.

We will receive commission from lenders. Different lenders pay different amounts depending on different commission models. For transparency we work with the following commission models: fixed fee, fixed rate of commission, percentage of the amount you. Further details of the commission model, calculation and amount will be disclosed to you throughout your customer journey. 

Copyright © 2024 Hobbit Holdings Group - All Rights Reserved.


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