Name of case study: 3573 - Scout Way, London
Loan amount: £183,000
LTV: 74.96%
Term: 12 months
Security: First charge
Product type: Residential
TAB completed a £183,000 first charge residential loan with an LTV for 75% that is secured against a one bedroom flat in Mill Hill, London.
The overseas client required the funds to complete the purchase of the property which is the first in their UK investment portfolio. The client has assets abroad and is looking to expand into UK property.
TAB had a tight deadline to complete as the borrower was available in the UK to sign the required documents for only one week. Thanks to the hard work from the TAB team, our solicitors, Fieldfisher Llp, and the client’s solicitors, Solomon Shepherd Solicitors, we were able to complete our due diligence and ensure the funds were with the borrower before their flight home.
It was a great opportunity to work with broker Alma Johnson from Luxesmith on their first case with TAB. We were able to ensure the client was able to return home having achieved all they wanted by working together with speed and flexibility. EJ, underwriter
