Case Studies
Here are some examples of Loans that have been arranged for our clients
| Location: |
Manchester |
| Property Type: |
Single storey office/showroom and workshop for a Jeweller business |
| Our client completed a refinance, raising £260,000 on a valuation of £365,000. The advance was used to raise working capital and to fund business development. Our client held the freehold on the property privately and entered into a 20 year lease with his trading company. As such the advance was treated as an investment property, with the rent satisfying our 1.25 interest cover test. After receiving the application, the mortgage offer was issued the same day and within 14 working days the transaction completed. |
| Location: |
London |
| Property Type: |
Retail shop with living accommodation above |
| Our client wished to raise capital of £270,000 against the OMV of £450,000. The property was unencumbered and let to an existing dry cleaning business and private tenant. The raised monies were used to purchase another investment property from auction and complete a renovation and overhaul. Our client had two CCJ's but these were over three years old and ignored. |
| Location: |
Luton |
| Property Type: |
Light industrial unit for machining and spares business |
| We advanced the client 75% of the £80,000 valuation. Our client used the capital raised to invest in some new machining parts and to repay an existing overdraft arrangement. Our client operated as a sole trader with management account information supporting a self-declaration of income. |
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