CASE STUDIES
Bristol
Loan Amount: £900,000
(drawn down in stages)
Term: 12 months
LTV: 65%
Borrower: Individual
Details:
1st Legal Charge
Interest retained
Security - Development site comprising 2 barn conversions in the process of being converted. Funds used to repay existing lender and finish conversion.
Gloucester
Loan Amount: £473,100
Term: 12 months
LTV: 63%
Borrower: Indvidual
Details:
1st Legal Charge
Interest retained
Farmer
Security - Agricultural land and buildings. Funds used to purchase agricultural land while probate was granted and estate sold.
London
Loan Amount: £470,000
Term: 12 months
LTV: 51%
Borrower: Limited Company
Interest retained
Security: Two buy to let properties. Funds used to purchase development site while buy to let refinancing completed
North Somerset
Loan Amount: £250,000
Term: 6 months
LTV: 45%
Borrower: Limited Company
Details:
1st Legal Charge
Interest serviced
Property Developer
Security - Former Police Station. Funds used to purchase property and amend planning to residential.
Somerset
Loan Amount: £1.2m
Term: 3 months
LTV: 52%
Borrower: Limited Company
Details:
1st Legal Charge
Interest retained
Security - Golf academy and buy to let properties. Loan advanced to purchase golf academy while bank funding was put in place.
