Let’s give you some real world examples of how we’ve helped our clients.
FINANCE TYPE: DEVELOPMENT FINANCE
FACILITY AMOUNT: £1,200,000
REQUIREMENT: LAND PURCHASE & BUILD COSTS
The client is a local developer with some experience in building their own homes but this particular scheme was a step up from previous developments. The client needed assistance in the land purchase on a site that had significant interest from larger developers. We were able to support the client in completing the purchase and then provide support on the build costs to complete phase one on of the build of 19 executive homes whilst also managing a conversion of a grade 2 listed building on the site.
FINANCE TYPE: PENSIONS MORTGAGE
FACILITY AMOUNT: £300,000
REQUIREMENT: PURCHASE OF A PUBLIC HOUSE
FINANCE TYPE: OVERDRAFT
FACILITY AMOUNT: £75,000
REQUIREMENT: FUND WORKING CAPITAL AND RELEASE CHARGE OFF INVESTMENT PROPERTY
The facility was working very well for the client however we were contact by their mortgage advisor who was having a problem releasing equity from their investment properties. The properties had a charge on them for the overdraft facility provided by their bank. Knowing the bank and their criteria for taking security we were able to increase the secondary overdraft facility by a further £25k and reduce the primary one by the same amount and request that the charges over the property be released, which they did. This meant the client could continue to invest in property whilst not impacting his working capital requirements