Case Study

First-time developer completes on auction purchase
THE 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
Charge1st
LTV67% gross
Term12 months
ProductBridging loan

 

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