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The brief
Our solution
Underwriter quote
With constant communication with valuers, solicitors, and everyone else involved, we were able to complete the loan way before the 28 day deadline at a rate of 0.89% pm at 75% LTV. We designed the facility with drawdowns funded in arrears to cater for the variability of works.
The client required funding to support the auction purchase and refurbishment of a 4 bed house in Reading.
"Transparency and fairness is important to us. We don't add the admin costs that many other lenders do, which is one of the reasons that the client was so happy with this deal. What's more, if our borrower repays the loan early, they know that their interest will be rebated on a daily basis."
£330,000
75% LTV
0.89% PM
AUCTION PURCHASE AND LIGHT REFURBISHMENT
CASE STUDY
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