LONDON ROAD
HILLFIELD VILLAS,
LONDON ROAD
A stunning collection of exclusive 1 and 2 bedroom contemporary apartments within Gloucester City Centre.
Key Points:
- First viewed the building in July 2018
- Planning permission granted in November 2018
- Formal offers presented in May 2019
- Accepted in June 2019
- Senior Lending sought and broker instructed May 2019
- June 2019 – Still chasing the agreed finance
- July 2019 – Original lender decides they aren’t going to lend? No indication why
- New lender lined up
- Aug. 2019 – Chasing the new lender, Lender then changed their criteria
- Another new lender lined up
- Sep. 2019 – New lender on board
- Valuation is conducted – scheme down valued by 15% – Brexit (Report 3 weeks late)
- Oct. 2019 – Lender changes the terms
- Nov. 2019 18th November – we finally get the deal over the line
- November 2020 – Existing Building Finished and ready for Staging , First coats of render applied
- December 2020 – First flat staged and ready for sale
- April 2021 – new build completion