|
Case Studies
We were approached by Mr Coleman from Essex who was purchasing a property at Auction.
We advanced 70% of the open market value and, after minor refurbishment, the property
was revalued. The client refinanced with a High Street mortgage lender and repaid
our short-term loan.
Mrs Parker from Cornwall had found a 'must have' property but had no time to sell
her existing home, and she was desperate not to lose out to someone else. We funded
against the purchase of the new property, which in addition to the equity available
in her current home, enabled us to advance 100% finance for the new house.
Mr & Mrs Jones from the Cotswolds were committed to the purchase of an overseas
property and the sale of their UK property fell through. After an immediate decision
in principle, the valuation, redemption of their existing mortgage, and the transfer
of funds were completed within 24 hours.
Mr Baker had a final demand on an outstanding VAT bill and was given 1 week to pay
it. He was in the middle of remortgaging a portfolio of rental properties but there
was no way the equity would be released in time to pay the outstanding bill. After
contacting us, we were able to complete the loan within 24 hours. His remortgages
completed 2 weeks later and redeemed the loan with ourselves.
|