The client required a £220,000 second charge residential loan to raise capital. The property used as security was a recently renovated property that is to be refinanced to Kent Reliance. Due to current market conditions, there was a delay on refinancing which is why the client required a bridge. The LTV was 65% and the loan was charged at 1.20% interest per month for 12 months.
Receive TAB Lending and TAB Property investment alerts and keep up to date with TAB.
Success. You have successfully signed up to the newsletter.
Sorry! Something went wrong, please make sure you have filled in your email and the name fields.
Cookies are widely used to make websites work, or work more efficiently,
as well as providing insights into how the site is being used. Our website
are essential, whilst others allows us to improve our site and give you a
These cookies are necessary for our website to function properly and cannot
be switched off in our systems. They are usually only set in response to
actions made by you – for example, setting your privacy preferences. You can
set your browser to block or alert you about these cookies, but some parts of
the site will not then work.
These cookies allow us to count visits and traffic sources so we can measure and
improve the performance of our site. They help us learn which pages are the most
and least popular and see how visitors navigate our site to help us with future
improvements. All information these cookies collect is aggregated and therefore anonymous.
If you do not allow these cookies we will not know when you have visited our
site and will not be able to monitor its performance.
These cookies may be set through our site by our advertising partners to help us improve
our response to business development. They may be used by those companies to build a profile
of your interests and show you relevant adverts on other sites. They do not store directly
personal information, but are based on uniquely identifying your browser and device. If you
do not allow these cookies, you will experience less targeted advertising.
Have something to add?
We would love to hear your thoughts. Submit your comments here:
Thanks for sharing! All comments are reviewed prior to publishing.
Sorry! Something went wrong, please make sure you have filled in all fields.