Case Study
First-time developer completes on auction purchaseTHE CASE: We were introduced to a first-time developer looking to complete on an auction purchase.
THE CHALLENGE: The client was unable to secure acceptable terms due to the condition of the property and had only 12 working days to complete before losing their deposit.
THE OUTCOME: We secured £283,500 towards the purchase of the property within 11 working days.
| Property Value | £425,000 |
| Loan Amount | £283,500 gross |
| Charge | 1st |
| LTV | 67% gross |
| Term | 12 months |
| Product | Bridging loan |
