Property finance can be complex, but with our know-how and expertise, we make even the more complicated deals happen. Here’s a round-up of recent property finance completions from across the ASC network to prove our point:
The property had split titles that needed to be merged to create one freehold title, and there was a small piece of unregistered land within the curtilage.
Profit margins were tight and didn’t support a traditional bridge, so we raised an alternative short-term loan secured against the property.
The client purchased the property at auction but waited two weeks before looking for finance. We were asked to obtain 100% funding in 10 working days! We negotiated an extension with the vendor and completed by the deadline.
The owner was a foreign national, and the transaction was urgent as the property had taken a long time to be registered at the Land Registry; in addition, the bridge loan had expired.
This deal had to happen to enable 2 larger, subsequent transactions to take place.
Whilst the client owned and operated three similar businesses, the impact of COVID and poor trading over recent years meant the enterprises were loss-making or breaking even. This situation made getting lender buy-in challenging.
If you need property finance and would like to benefit from our expertise, please get in touch. We have a local and experienced property finance expert in your area ready to help you secure the finance you require.
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