Fast bridge delivered to secure sale of desirable property
Fast bridge delivered to secure sale of desirable property FACILITY £86,619 LOAN TERM 12 months LTV 66% Situation In this scenario, the client was looking to purchase a two-bed semi-detached property in South Wales. The seller was already in a chain , meaning they were looking to sell the property as soon as possible. As […]
Completed. Revamped. Sold! Bridging loan secured to enable quick return on investment
Completed. Revamped. Sold! Bridging loan secured to enable quick return on investment FACILITY £116,293 LOAN TERM 6 months LTV 70% Situation The client was looking for a bridging loan to help purchase a residential property based in Nottingham and to fund the improvements required to bring it to the market for sale. Although the property […]
Early bird! Bridging loan paid back after only 25 days
Early bird! Bridging loan paid back after only 25 days FACILITY £368,000 LOAN TERM 6 months LTV 71% Situation Often a bridging loan is used to buy time and pay off another loan whilst the sale of a property, or multiple properties, complete. In this case, our client, a property developer, had completed a site […]
The outcome of outstanding relationships with broker, quantity surveyor and solicitor
The outcome of outstanding relationships with broker, quantity surveyor and solicitor FACILITY £1,665,544 LOAN TERM 12 months LTV 41% Situation At times, we are presented with cases which are tricky and require support from multiple parties to ensure we can achieve the outcome the client is looking for. This particular case was a heavy refurbishment […]
Refinance ready, just in time!
Refinance ready, just in time! FACILITY £1,867,000 LOAN TERM 9 months LTV 63% Situation Our client had recently built a detached, luxury home in Wimbledon, London having purchased the land (with planning) in 2018 for £1.86m. The borrower undertook the project using a development loan, which naturally had a specified time-limit. The property is located […]
Deadline met with a quick bridge on land with residential planning
Deadline met with a quick bridge on land with residential planning FACILITY £406,000 LOAN TERM 3 months LTV 40% Situation We are seeing a lot of land with planning cases at the moment, probably due to the Local Plans been drawn up by Local Planning Authorities and the Governments targets for more housing along with […]
An AVM delivered the fastest solution for an auction purchase
An AVM delivered the fastest solution for an auction purchase FACILITY £163,350 LOAN TERM 12 months LTV 55% Situation The property – a residential property located in Kent – was purchased at auction, so the borrower, a private investor needed to access the funds incredibly quickly. Due to the Coronavirus situation, physical valuations had ceased […]
Heavy refurb plus complex ownership structure made simple
Heavy refurb plus complex ownership structure made simple FACILITY £1,980,000 LOAN TERM 12 months LTV 60% Situation From the outset we knew this would be a complex case, but that’s what we do best, so didn’t shy away. A relatively small old office building was the asset that the borrower planned to refurb in order […]
Tight timings and poor credit for a ‘straightforward’ residential purchase
Tight timings and poor credit for a ‘straightforward’ residential purchase FACILITY £902,500 LOAN TERM 12 months LTV 65% Situation On the surface this was a very straightforward purchase. A large residential property that the borrower planned to turn into an HMO after a small amount of refurbishment. As is so often the case, the borrower […]
Reconciling a stack of CCJs to keep things moving
Reconciling a stack of CCJs to keep things moving FACILITY £337,500 LOAN TERM 9 months LTV 75% Situation We’ve seen more than our fair share of CCJs crop up in our time, and sometimes they can really throw a spanner in the works. This particular client needed a loan to repay an existing charge at […]