Area: Chelsea, London
Loan amount: £1.5m
The client needed to release funds from one of their investment properties. They were very asset rich but cash poor, however they did not wish to sell off any of their houses.
We arranged a 5 year rolled up bridging loan against one of their buy to let properties in London, this meant they could release £1.5m from the property to live on and make no monthly payments. The client can then market the property after this period or look to refinance.
To discuss your individual situation and find out how we can help with your specialist finance needs, call our Specialist Lending Department on 0800 098 7177.