The client based in South Asia needed a 1st charge bridging loan for a prompt purchase of a 2-bedroom property.
Property type: residential
Property value: £1,493,880
Gross Loan value: £550,000
Term: 12 months
The recently completed flat was situated in a newly constructed block of flats which forms part of a Battersea Power Station development.
During the application process, for extra due diligence, TBG had to run verifications and sign the paperwork through overseas solicitors, which made the case slightly more difficult to complete.
Our team still managed to provide the client with funds within 8 weeks.