In property investment, speed is the ultimate currency. When an ambitious investor identified a high-potential property in Morecambe, they needed a lender capable of moving at pace to secure the opportunity.
The Opportunity
The borrower—a motivated investor with strong Personal Guarantee (PG) strength—planned to add capital value through a comprehensive internal refurbishment. The project included a new kitchen, bathroom, flooring, electrics, and heating.
The Seneca Solution
Success is built on trust. The deal was facilitated by an experienced broker who maintains a fantastic track record with our Relationship Manager Sophie, having recently completed two other successful deals with us.
To ensure maximum efficiency, Seneca:
• Instructed a desktop valuation for speed and cost-efficiency.
• Collaborated closely with the broker to finalise build costs and verify planning requirements.
The Result
Once the valuation was confirmed, the final numbers were agreed and the Decision in Principle was signed. It took just 22 days from the borrower signing our initial offer, to the sale completing. Seneca’s agility ensured the investor didn’t miss out on this fantastic opportunity, allowing them to begin the refurbishment works immediately.