Case Study
Jo Powell, assisted by Krystal Trundle, supported a client with a net loan of £226,000 through a first charge regulated bridge secured against a residential property at 47% LTV, delivered at a rate of 0.77 within just 13 days. The funding was arranged to refinance the existing mortgage and provide a settlement to her ex-partner, allowing her to retain control of the property and position it for sale at full market value.
Although the case was straightforward from a lending perspective, it was an emotionally sensitive situation, as the property had been the client’s family home for many years. A careful and understanding approach was essential to ensure the client could repay both her ex-husband and existing lender, ultimately preventing the risk of the property being forced to auction.
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