SME requires fast access to funds – Case Study

by Malcolm Jones

14:30 PM, 25th June 2015
About 5 years ago

SME requires fast access to funds – Case Study

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SME requires fast access to funds – Case Study

Initial circumstances: A businessman who worked as a television producer was looking to raise £247,000 to start a new television show. He’d attempted to borrow against his BTL property, valued at £2.75m, which had an existing first charge mortgage of £1.3m but his mortgage lender was unable to provide funding in the timeframe required. SME requires fast access to funds - Case Study

Solution: In just 9 days a loan of £247,000 was completed, by way of 2nd charge, at 56% LTV – with no exit fee or early redemption penalty.

The outcome: The client was able to invest in his new business venture and the 12 month term he’d taken gave him plenty of time to repay the loan.

Bespoke Advice Enquiry Form

  • e.g. property value(s), location, mortgage amount(s) required, property description, your age(s), mortgage term required, rental income, your personal income(s)
  • If you have a schedule of your properties on a spreadsheet it may well be helpful to attach it.

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