Mr. B. & Mr G. from London - £240k Bridging Loan, 3 months.

Three brothers ran a sucessful manufacturing company in South London. Following a long stretch of ill health, one of the brothers decided to leave the company at short notice wanted to sell the business to realise his share.

The other brothers wanted to continue running the company so the approached us to seek funding in order to buy him out of the business and to keep the business running smoothly through the takeover.

We were able to secure enough money, secured on the companies business premises , to buy the partner out of the business, allowing the remaining brothers time to secure more permenant arrangements.

Mrs L from Whitstable - £125k Bridging Loan, 1 month

Mrs L wanted to build up a small portfolio of investment properties for her retirement. Following years of local research she felt the best way forward would be to purchase the properties at auction. She was successful in her bid for a property at the first auction she attended, managing to secure a property at about £40k below the market value.

A deposit of £22,000 was paid at the auction rooms and an application was made to her mortgage company for the balance.

Whilst the high street lender would consider a loan of up to 85%, this was based on the purchase price rather than the market value.

Fortunately, our bridging loans are based on the market value of a property,which enabled us to fund the purchase and find another mortgage company prepared to lend on the same basis.

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