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
Charge 1st
LTV 67% gross
Term 12 months
Product Bridging loan