The Project
The client required funding to secure the purchase of a 3-bed semi-detached property.
The Approach
We provided a gross loan of £126,744.18, with a day one release of £109,000. Given the small scale of the works the client was self-funding, we allowed the development to be self-certified, eliminating the need for a Quantity Surveyor and minimising additional fees for the Borrower. The loan was structured with a maximised day one LTV of 70%.
The Outcome
By allowing self-certification and managing the process internally, our client was able to reduce costs and progress with the project efficiently.