Area: Thame, Oxfordshire
Loan amount: £1.1m
A client based in Oxfordshire with a number of investment properties in the attractive town of Thame contacted One 77’s Specialist Lending Department when they needed to release some funds from one of them. Though they were very asset rich with from the properties but fairly cash poor, they did not wish to sell off any of their houses to acquire the funds.
Following discusssions with the client to draw a complete picture of their circumstances, we arranged a 5 year rolled up bridging loan against one of their buy to let properties which was in London. This meant they could release the required £1.1m from the property to live on, and best of all, make no monthly payments.
The clients are now in a position whereby they can market the property after the 5 year period or look to refinance again.
Are you in a similar situation? Do you require a bridging finance solution? Find out more about how we can help with your Specialist Finance solutions.
To discuss your individual situation and find out how we can help with all your specialist finance needs, call our Specialist Lending Department on 01249 474956.