Case Studies

Case 1 – Bridging Loan

The securities consists of a 7 bed town house in Chigwell which is currently let out , but our customer plans on heavily refurbishing the unit out and changing the use.
This will happen after redemption using finance obtained from the exit route. The customer believes he has a bargain for a residential property of this size in this area
(Estimated Value £1,200,000).
We provided finance for £787,500 to assist in the purchase. Solicitors instructed on 26.02.15 and first drawn on 02.03.15. Formally completed on 26.03.15

Case 2 – Commercial Term Loan

Loan - £95,536
Ex-Pat customer current working in Saudi Arabia.
Purchase of BTL property which is then managed by a local agent.
Mortgage at 64% LTV.

Case 3 – Commercial Term Loan

Loan - £53,639
Purchase of a former library to convert into offices for owner occupation by a mortgage broker. Provided 100% of the purchase price as additional security was offered
to cover the deposit.

Case 4 – Commercial Term Loan

Loan - £99,400
68% LTV
The property was to be part owner occupied by the ground floor, with a upstairs to the let out.
The transaction is to assist with the purchase of the applicants first semi commercial investment.

Case 5 – Commercial Term Loan

Loan £45,000
70% LTV second charge mortgage behind RBS.
Funds are to assist in the purchase of a new house for the borrower.

Case Study

A client who was referred to us only had seven days remaining within which to complete on a £1M residential refinance to take advantage of a discount being offered by the existing lender. Let down by a lender originally approached at the eleventh hour we negotiated the use of the aborted valuation already undertaken to arrange the finance. The client completed with four days to spare with the borrowing arranged in a limited company structure. NO personal guarantees were sought. Finance was arranged at 1.3% per month, and the property was sold and the finance redeemed within three months.

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