Large Loan Case Study
This client required £250,000 in funding to complete essential works on a residential property. The original builder had taken money for materials that were never purchased and left the project half-finished. Without additional financial support, the client was unable to move forward, along with a tax bill they couldn’t afford to pay.
The situation was further complicated by the fact that the clients had no remaining funds and the property was already in a state of partial completion. They had approached another second-charge broker, who informed them that their case could not be done.
Stewart Simpson, with the help of Amy Schofield, structured the loan with an LTV of 45%, securing a rate of 6.39%. Despite the previous setbacks, the funds were secured in just five weeks. Their expertise in handling complex cases and dedication to finding a resolution ensured that the client was able to complete the works and move forward with their project.
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