Client circumstances: Our client had previously taken out a bridging loan from a different lender to fund the purchase of an investment property which they were ‘flipping’. A portion of the funds had also been used to undertake a full refurb and they had planned to exit out of the bridging loan by selling the …
Client circumstances: Our client was a businessperson who owned a wholesale clothing company. Having lost a large portion of their stock to a fire, they had taken out a second charge bridging loan with another lender to help replace what had been damaged. While they had planned to sell their main residence to exit the …
Client circumstances: Our client was a portfolio landlord who was looking to purchase a new residential property via auction. Having submitted the winning bid, a deposit had been made and they needed to raise a further £292,500 within 28 days to secure the property. They had already approached a lender regarding a buy-to-let mortgage but …
Client circumstances: Our client had purchased an investment property the previous year and they were now looking to redeem the existing charge. In total they needed to raise £1,260,000 to repay the current loan as well as providing additional finance to fund a conversion and help to enhance the property’s capital value. Having already approached …
Client circumstances: Our client was the winning bidder of an unoccupied residential property which had a value of £100,000. They had already put down a deposit of £30,000 but urgently needed the remaining £70,000 to secure the property, which they were planning to rent out once the purchase was complete. As is standard practice for …
Client circumstances: Our clients were looking to raise capital to help grow and expand their legal business. With their finances tied up in other investments, they urgently required a quick fix which they were planning to fund by releasing equity from one of their holiday lets which was unencumbered. Knowing that they needed to secure …
Client circumstances: Our client required £242,000 to repay an existing charge which was secured against their main residence and had been used to fund the development of another residential property. With this now due to be repaid, they urgently needed a short-term fix to avoid any financial penalties. Having already approached one lender who was …
Client circumstances: Our client was a limited company who urgently required £2.6m to purchase a commercial property. Currently solely commercial, the client intended to convert the upper portion of the property into multiple residential units, which required planning permission. With this not yet granted, securing finance to fund both the purchase and the works could …
Client circumstances: Our client was partway through purchasing a residential property which they were intending to rent out when the mortgage market was thrown into disarray after September’s mini-Budget. As a result of the ensuing uncertainty, the client’s lender withdrew their offer. With less than a month until they were due to complete, they urgently …
Client circumstances: Our client was a property developer who owned a development site which included multiple residential units. The majority had already been purchased and only eight remained, although sales had been agreed for many of these. Out of these eight, six were either complete or at the snagging stage while two were wind and …
