Traditional values : Modern solutions

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Property Development - Professional Introduction

Sector: Property Development | Value: £135,000
Equipment type: Development Finance | Term: 10 Years

We helped this Italian national with UK credit history obtain funding

Problem:

The client is an Italian National with no UK credit history. Available security included a property in London which was a large panel structure and was not suitable for a number of lenders. A valuation stated the property was not suitable for mortgate purposes.

 

Approach:

Bathgate used their contacts to help identify a funder who could not assist.

 

Solution:

Term loan of £135K provided against existing property to release funds for additional property purchases.