Our client had lucrative development plans, yet he needed first to pay off his mortgage - we secured bridging finance quickly, allowing our client to resolve both issues and get his project underway.
We were approached by a high-net-worth individual, a London landlord looking to develop his Islington property.
However, the issue remained that our client needed to repay his current mortgage to be able to split the title and successfully fund his development project.
He would need £653,000 to repay the mortgage (which was £553,000) and then put the remaining capital towards development works for his prospective BTL properties.
In this case, we were able to secure the finance he needed quickly and efficiently. We got our client bridging finance of £653k within five days; a speedy turnaround from his initial enquiry to getting the money in hand.
Working with our specialist brokers, he successfully secured bridging finance that covered his initial goals.
We can package an individual-specific case and offer it to lenders in a way that people may be unable to do themselves – without access to suitable lenders, it can be challenging to source this level of finance.
He could finally begin converting the property into two BTLs and pay off the remaining mortgage. Moreover, given the property’s location in London, it was an especially lucrative venture that he would have otherwise missed out on if he couldn't have secured fast, flexible finance.
Whatever you need your next short-term finance loan for, we’ve got you covered. Let our friendly expert team find you the perfect tailor-made solution.
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