Area: Battersea, London
Loan amount: £180k
Our client was in the midst of a full renovation of his main residence. The kitchen and bathrooms had been torn out making it completely uninhabitable. He had visited his bank for a further advance on his mortgage, but due to the state of the property they would not agree to it.
He approached our Specialist Lending Department and we were able to secure the funding for him to finish the work by offering a short term lend that sat behind his existing mortgage charge. Once the property was habitable again we simply remortgaged the client out with a high street lender, therefore repaying his loan.
To discuss your individual situation and find out how we can help with your second charge bridging finance needs, call our Specialist Lending Department on 0800 098 7177.