Please call an adviser on 01738 583008
2nd Charge to facilitate development
The Lending Channel
Date Published:28/03/2016

Clients wanted to build a property on land adjoining their house. It was then their intention to keep the completed new property and rent it out. They were first time landlords and first time developers and needed to raise £145k to complete the project. The only asset they could use as security was their residential property and a remortgage or further advance wasn't an option.

 

Solution:

  •     £145k Secured Loan through Prestige Finance
  •     25 year loan at 85% LTV
  •     9.14% variable rate
  •     ERCs - I month interest with one month notice
  •     Introducing broker received £2,370 commission

Call now on 01738 583008 to find out more or click here to apply Loan Application

Category Tags Secured Loans
The Lending Channel are members of the National Association of Commercial Finance Brokers (NACFB).
2/1 King James VI Business Centre, Friarton Road, Perth, PH2 8DY
Tel: 01738 583008 | Fax: 01738 500402

The Lending Channel are authorised and regulated by the Financial Conduct Authority.
Company number SC334818
Data Protection Act: Z2030159

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP YOUR REPAYMENTS ON A MORTGAGE OR OTHER DEBT SECURED ON IT

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