Case Study
Loan Amount: £530,000 | LTV: 60% | Rate: 0.85%
Structure: Two separate lending facilities with the same lender
Timing: 4 weeks to completion
The clients existing property and our main lending security was in rural Scotland which was also being lived in by his daughter. He moved down to England due to work commitments where he rented a property. The owners of the rental property were then looking to sell the asset and offered the property to our client if he could complete quickly. Differing legal processes in Scotland and England added further complications, resulting us separating the lending into two separate lending facilities with the same lender, with the total lending pooled to the English solicitors executing the purchase.
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