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 …
Client circumstances: Our client owned a wholesale apparel business which had faced a financial setback due to the pandemic. As well as already having a business loan, they also had an £800,000 overdraft which was due to be repaid imminently. The client urgently needed £1.5m to repay the overdraft and purchase new season stock which …
Client’s circumstances: Our client was a property investment company who urgently needed funds to repay an existing bridging loan they had taken out on two of their residential buy-to-lets. They had already applied for longer-term finance to exit the current loan, but this was taking longer than expected. With the deadline to repay the existing …
Client circumstances: Our client was a high-net-worth individual who urgently required £2.21 million to provide cash flow into a number of their businesses. To fund this expansion, they planned to utilise the equity in their main residence which had recently been valued at £13.5m. While the client could have acquired funds from a high street …
Client circumstances: Our clients were in the process of purchasing a pub which they had originally planned to fund by selling a piece of land. Although they had exchanged contracts with the buyer, the sale of this land was taking longer than expected and with the sellers of the pub requiring the clients to complete …
Client circumstances: Our clients were in the process of purchasing a pub with a restaurant and accompanying guest rooms which they were planning to make light refurbishments to before reopening. Their intention was to reside in a small portion of the property while running the business. They had already sold their former home but still …
Client circumstances: Our clients were a property development company who were the winning bidders on a former department store valued at £750,000. They initially needed £375,000 to complete the investment purchase with a portion going towards substantial works which included a modernization of the property and the building of eight new residential apartments. As the …