A 4-Week Turnaround For a Country House Refinance
A client needed a £11.75m loan to redeem an expiring mortgage and a bridging loan on a property within the estate. Facilities were expiring at the end of October – with default rates applying. This was a particularly complex case involving income from multiple sources, including trust loans and foreign currency exposure. We achieved 68% LTV on an interest-only basis, 5-year variable product, allowing the client flexibility to pay down capital at will with no AUM required. We are pleased to say this case was completed in 4 weeks, with banks and lawyers working incredibly hard not to allow the client to fall into default rates.