G.W from Leeds - £430k Bridging Loan, six months.

A property developer sourced a farm plot various cottages, outbuildings and 5 acres of land in Yorkshire. Knowing the area well, the developer realised the land had good potential.

Although the developer had previous experience with similar size projects he found that his bank would not lend him the total he needed to complete the project, so bridging finance was raised to complete the first phase of rennovation to increase the value to a mortgageable level.

Mr & Mrs S from Edinburgh - £135k Bridging Loan, 4 months

Overseas property purchased by Mr & Mrs S, a retired couple who had decided to emigrate to Spain to be closer to their grandchildren.

Having agreed terms and a completion date on a new apartment near Barcelona, they found themselves with a last minute hitch when the purchaser of their current property dropped out. Within 3 days we were able to provide a loan secured on the property for sale, allowing them to complete on the purchase of the Spanish apartment as planned.

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