Bridging loan for business development

THE SCENARIO

OUR SOLUTION In order to help the clients achieve their goal, we cross collateralised to raise debt against their property portfolio. We took out a second charge over both their main residential and BTL property. Ultimately, the couple were able to take out a gross loan of £441,000 at 1.02% retained interest for twelve months. I was very pleased to use my experience to advise the couple and work successfully with the lender. Having been concerned that their credit histories would hold them back in this endeavour, the couple were delighted that I was able to work swiftly to help them secure this loan. This was a fantastic result, and another example of how Enness works confidently with unusual cases. ]]>