1308 - Basildon, Essex

The client required £1,000,000 first charge commercial loan to purchase the leasehold of the security which was granted by way of an underlease, i.e landlord under the terms of the lease holds a 999 year lease. TAB provided the loan at LTV of 40% with a 0.95% interest rate per month for 6 months. The borrower required fast completion, and TAB completed within two weeks.

Have something to add?

We would love to hear your thoughts. Submit your comments here:

Signup to our newsletter

Receive TAB Lending and TAB Property investment alerts and keep up to date with TAB.

Please select all that apply.

TAB awards