Mewstone Specialist Lending
FRIENDLY, EXPERT FINANCIAL SOLUTIONS FOR YOU AND YOUR BUSINESS IN PLYMOUTH AND THE SOUTH HAMS
Finding the correct financial solution for your business can be a daunting experience, we are committed to finding the appropriate options to suit your business needs from a completely independent stance and including solutions from the high-street, challenger banks and private investors.
At Mewstone Specialist Finance, we specialise and directly advise on all of the following areas:
Bridging Finance
Investment Finance
Owner Occupier Finance
Development Finance
Used for building property from the ground up, could be e.g. 5 properties or a large multi-unit development or even things like barn conversions or if you are changing the use of a property like an old commercial unit back to residential or vice versa. The benefit of having this scope of lenders is that should you encounter any issues along the build process we may be able to raise additional funds to help overcome any obstacles and keep the wheels turning.
Development Exit Finance
Asset Finance
Cashflow Finance
Specialist Buy to Let & Holiday Let
MEET OUR SPECIALIST LENDING BROKER
Hi, I’m Nath! I have lived in the South Hams since I was 4, attending school in Ivybridge my love of rugby began. I’ve played for Ivybridge, Devon County and had a Bath scholarship. I still play now for Brixham and the Fishermen, albeit with more aches! These days, family comes first for me. I live in Plymouth with my wife Maisie and sons Alfred and Bertie, along with our golden Labrador Gyp. More dog pics to come!
I am passionate about helping first time commercial clients who want to flip their first property, expand their business or start a portfolio of investment properties. My decade of mortgage advice has led me to helping many fellow rugby players with their self employed ventures and this has progressed into specialist lending solutions for my clients.
WHY MEWSTONE SPECIALIST LENDING?
With years of experience in the finance industry, we work on a ‘people before pounds’ ethos and will always put our client’s needs first and ensure the most suitable outcomes for our clients in EVERY case.
We have a completely independent stance and have direct relationships with multiple types of funders to ensure that our clients have as many options as possible. We are passionate about what we do and take a huge amount of pride in helping our clients achieve their goals. Family is one of the main reasons for doing what we do and all of our clients will become part of the Mewstone family and treated as such throughout your journey with us.
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Frequently Asked Questions
Which lenders do you work with?
We are an independent broker, and therefore do not have any affiliation with a particular lender – meaning you will always receive the best deal for your situation from the whole, open market. We have access to high-street banks, challenger banks and private investors.
Aren’t bridging loans expensive?
Bridging loans if used incorrectly can be costly, but they have their place in the market and can be extremely useful in the investment market e.g. if you have seen a property being sold at auction which is completely run down with no running services. You may not be able to get a conventional mortgage on this type of property, however, with a bridging loan, you may be able to acquire the property, complete the renovation work and sell the property for a profit or re-finance it to create an investment income. Also keep in mind conventional mortgages can take time to setup. Bridging finance can be arranged ion a matter of days.
How much deposit do I need?
This will depend on the type of funding required. Typically for ‘investment’ properties a 25% minimum deposit will be required and for an ‘owner occupier’ 30% minimum may be required. The nature of your circumstances will play a big part because if a case makes sense and it benefits all parties (both you and the lender), exceptions may be granted, plus our broker can get creative and help to create ways to make things work for you, so always worth speaking to your broker.
Can I buy a property which has a shop at the bottom?
Yes you can! A ‘freehold’ property with a mixed use e.g. shop at the bottom and a flat on top is classed as a semi-commercial property and treated as an investment. With the correct lender and business set up we can structure these types of transactions no problem.
What is a 'commercial mortgage'?
A commercial mortgage is a type of mortgage used to acquire or re-finance property where an element of the property is used for business. The type of business being carried out at the property will determine which type of commercial mortgage is the most suitable for you. Broadly speaking there is no ‘one size fits all’ commercial mortgage which is why it’s really important to speak with a broker to navigate the multiple options available to you.
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Mewstone Mortgage Advice LTD (FCA ref 947355) is an appointed representative of New Leaf Distribution LTD (FCA ref 460421) which is authorised and regulated by the financial conduct authority (FCA).
New Leaf Head Office Garfield House, 165-167 High St, Rayleigh SS6 7QA. Co registration Number 5520001.
Mewstone Mortgage Advice LTD Head Office: 22 Barton Brake, Wembury, Plymouth, Devon PL9 0BJ Co registration Number 12959322
Your home is at risk if you fail to keep up payments on your mortgage or any other loans secured against it.
Buy to Let mortgages and Commercial Lending are not usually regulated by the Financial Conduct Authority.
Equity release may involve a lifetime mortgage which is secured against your property or a home reversion plan which requires the sale of property for a discounted price. To understand the features and risks, ask for a personalised illustration. You only continue to own your own home with a lifetime mortgage.
Equity release may impact the size of your estate and it could affect your entitlement to current and future means-tested benefits
