In the competitive landscape of bridging finance, customer trust and satisfaction are paramount. This case study sheds light on a returning client who sought another loan from us, emphasising the significance of our expertise.
Our client, a seasoned investor, previously engaged with us for a bridging loan and experienced a smooth and satisfactory transaction. Impressed by our knowledge and efficiency, they returned for a subsequent loan.
The property in question is a two-bedroom residential apartment with allocated parking, part of a new development of nine apartments in Leamington Spa. Notably, the apartment boasts high-quality finishes and is positioned as a potential investment opportunity. The Leamington Spa area exhibits a strong rental demand for similar apartments, adding a layer of financial promise to the venture.
Initial Gross Loan: £260,000
Gross LTV: 65%
Completion time: 2 weeks
The returning client sought funds for working capital, a testament to the versatility of our bridging loans. Importantly, they had already fully repaid their previous loan.
Security and Timeline
To secure the loan, a 1st Charge was taken against the apartment. Despite the intricacies involved, the entire case was successfully completed within a remarkable two-week timeframe.
This case exemplifies the trust our clients place in us, reaffirming our position as a reliable bridging lender. As we continue to foster strong relationships, we remain committed to being the go-to partner for those navigating the dynamic landscape of property investment and financing.