Today is the first day of spring and we enter the busiest season for the property market in the Northern Hemisphere. Whether you’re looking for your dream home or want to refinance, we’re here to help save you time and money, while reducing stress.
Here are 2 recent success stories we’d like to share with you…
Second Property Purchased at Leading Market Rates
One of our clients wanted to purchase a second property that looked to be out of his range of affordability when applying a standard income multiple. As the property was a second home and the client intended to dispose of the property in the future, we were able to source a facility at 75% on interest only with no alternative repayment strategy. We obtained the loan amount required at market leading rates.
Loan of £3,400,000 for Indian Domiciled Company
An Indian domiciled company wanted to acquire three apartments in one of London’s most prestigious squares. The borrower was a Jersey company, which had a complex multi-jurisdictional structure and which, due top cross-border borrowing rules, could not obtain a Personal Guarantee or Corporate Guarantee.James Evans secured a loan-to-value (LTV) of 65% and a five-year fixed rate of 4.02%, with security only on the residential assets. The deal was completed within two months.