Commercial bridging finance for £4million farm

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THE SCENARIO

OUR SOLUTION Fortunately, the lender acknowledged the farm house she lived in only took up a minimal amount of the 40-acre commercial plot; they therefore classified the bridge as a commercial loan, meaning they could extend the terms to 24 months. The lender was also prepared to retain the interest, allowing the client to repay both the loan and interest upon the sale of her land. They provided this loan at a very low rate of 0.75% a month, a record rate for commercial bridging finance. The deal was completed within two weeks as they did not need to assess her income. My client was understandably delighted with this solution; this is a clear example of how we are able to assist on the most complex of cases in a timely and efficient manner. The most important thing is that your case is presented in the right way; a mortgage broker such as Enness can assist you with this, as we have a wealth of experience in securing cheap bridging finance for our clients.]]>