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Residential Property Case Study
Client contacted us after agreeing purchase Early January 2005. He had spoken to a number of high street banks and although the property was being bought at discount due to work required they wouldn’t touch it with a bargepole (their words!!!). We were quickly able to provide 100% of the purchase costs and offer further funds for refurbishment. The client completed the property within 6 weeks and remortgaged through a long term lender paying back the amount borrowed plus his costs and being left with a healthy margin before letting the property out.
Commercial Property Case Study
Our Client contacted us after spotting a shop for sale that he felt was undervalued and had good potential. Once again high street lenders were sticking to their 60 – 70% Loan to Value ratio and as our client had a number of other projects on was ready to walk away. He was put in touch with us through another of our satisfied clients and we were quickly able to agree a loan in principle for the full amount. The property was bought, cleared out, painted and sold on at a healthy profit in a local auction.