Refurbishment of a buy-to-let property in South West England
The Project
A Plymouth based property developer needed help funding the purchase and refurbishment of a buy-to-let property in Plymouth city centre consisting of a basement flat and a maisonette flat.
The Approach
Seneca provided £243,000 to aid the purchase (£395,000) and an additional £70,000 to be released in stages to fully fund the refurbishment costs.
The Outcome
Credit approval was provided within 48 hours of the application being received with completion taking less than 8 weeks. Factoring in the “Christmas break” this was another seamless process which left all parties satisfied.
Don’t just take our word for it…this what the broker had to say…
“
It was a pleasure working closely with Chris on getting this development deal across the line. We started packaging up the application items on the 11th November where we gained full credit approval in such a short time period. Chris was very proactive throughout the whole transaction which enabled our client a speedy completion to commence his development works.
