What started as a straightforward second charge facility to raise funds against a client’s residential property quickly evolved into something more strategic.
Just as we were nearing completion, an exciting opportunity came up — the chance for the client to purchase the property near to their existing residence. By combining both facilities and using a desktop valuation on the new purchase, we kept things moving.
It took a bit longer than expected, but with a proactive broker and a responsive client, we got there.
Teamwork and quick thinking made all the difference.
Net day 1: £465,000
LTV at the expiry of term: 69.4%