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A selection of our completed deals

Commercial Mortgage

Date completed: 22nd March 2019

Loan amount: £237,800

Location: Midlands

Description:Our client had agreed to purchase a closed banqueting suite under auction conditions and needed a lender to base serviceability off accountant prepared projections. We were able to arrange funding at 75% LTV with additional security and completion occurred within 6 weeks via a specialist lender which allows our client to look at refinancing once their accounts show sufficient profits.

Commercial Mortgage

Date completed: 16th March 2019

Loan amount: £120,000

Location: Wales

Description:Our client had recently completed just one year’s trading as a new Ltd company. While they had demonstrated small profits in the first year, they were able to provide robust projections to demonstrate how the company would grow in the next 2 years. Having successfully sourced a lender, we were able to secure a commercial mortgage agreed at 75% LTV for client to purchase new premises for his business with residential accommodation above that may be let out to produce additional income.

Buy To Let Mortgage

Date completed: 13th March 2019

Loan amount: £58,157

Location: Wigan

Description:Our clients wanted to refinance their unencumbered BTL property in Wigan to enable them to invest in further investment property. Our clients owned the property as part of a UK Limited Company and one of the directors and shareholders was a non-UK national who also resides outside of the UK. We were able to successfully source a lender who was able to identify the non-UK client and support our clients application.

Development Finance

Date completed: 11th March 2019

Loan amount: £349,348

Location: North West

Description:Our client was a first time developer and required development finance for the purchase of a plot of land and the construction of two bungalows. Funding was sought and arranged with a specialist lender who supported a first time developer and we successfully assisted the client throughout the process, guiding them through their first development experience.

Property Development

Date completed: 8th March 2019

Loan amount: £14,000,000

Location: Liverpool

Description:We were approached by our client to help them purchase a site in Liverpool for a large residential development consisting of 130 apartments. A lender was identified and a deal quickly approved with valuations and legals instructed soon after. We look forward to seeing the project progress over the coming months.

Commercial Mortgage

Date completed: 7th March 2019

Loan amount: £1,255,000

Location: Birmingham

Description:Our client wanted to refinance their portfolio of 8 residential buy to lets. We successfully secured a commercial loan with a LTV of 75% on an interest only basis over a 10-year term.

Commercial Mortgage

Date completed: 11th February 2019

Loan amount: £300,000

Location: Solihull

Description:Our client approached us to refinance their owner occupied commercial property so they reintroduce additional funds into the business for ongoing work. We successfully arranged a commercial mortgage at 75% LTV on a 20 year repayment with interest rates fixed for 3 years.

Commercial Mortgage

Date completed: 27th February 2019

Loan amount: £1,700,000

Location: Sheffield

Description:Our client was given the opportunity to purchase the Industrial Park from which they traded from. The sale included their own 2 units which they were renting plus 29 additional units which were being rented out to other businesses. We achieved a commercial mortgage of 70% LTV on a site which is largely a commercial investment at a rate of 2.55% plus base.

Commercial Development Loan

Date completed: 19th February 2019

Loan amount: £319,902

Location: Staffordshire

Description:Our clients are in the process of converting a former farm and outbuildings into a wedding venue. Having purchased the venue using their own funds, they needed a lender willing to advance funds in stages towards the build so they could achieve a tight opening deadline date given they already have a number of confirmed bookings.

Commercial Mortgage

Date completed: 8th February 2019

Loan amount: £144,571

Location: North Wales

Description:Our client needed to release equity from their unencumbered social club for working capital. They had previously approached their existing lender but had been declined due to a lack of affordability. We were able to work with their accountant to provide projections to prove affordability and were then able to source an alternative lender who was comfortable to lend to our clients using these projections for their affordability assessment.

Development Finance

Date completed: 28th February 2019

Loan amount: £5,505,000

Location: North West

Description:Our client approached us to broker a funding facility for the last phase of a large housing development in the North West. We successfully sourced a lender who provided a higher and less restricted loan to value than our client's existing High Street bank. This meant that our client was able to retain company funds to progress other projects.

Commercial Mortgage

Date completed: 22nd February 2019

Loan amount: £395,000

Location: Manchester

Description:After helping our client with development finance to refurbish a ground floor retail unit along with planning for 2 new apartments above we have now assisted with the exit of the development funding with a term facility with a High Street lender. The development funding was repaid along with raising some additional capital towards the clients next project.

Bridging Finance

Date completed: 15th February 2019

Loan amount: £100,000

Location: Lancashire

Description:Our client, an experienced property landlord, negotiated the purchase of a house and needed to raise deposit funds very swiftly. We utilised an existing commercial property which our client owned outright while sourcing a lender to facilitate the funding using this property as security for the loan. The transaction completed in under 28 days and within our clients timescales.

Development Finance

Date completed: 4th February 2019

Loan amount: £145,000

Location: Kent

Description:Our client was a first time developer looking to build a pair of semi-detached houses. Despite this being the first project for our client and a development size normally too small for most lenders to consider, we were able to secure funding for our client.

Commercial Mortgage (SSAS)

Date completed: 30th January 2019

Loan amount: £750,000

Location: Manchester

Description:Our client was looking to remortgage and capital raise against their existing industrial unit, which is owned by their SSAS (Private Pension). The trading business had recently gone through and administration process, however bought its way out in the last 6 months. The business is continuing to trade on an upwards curve. Using certified projections backed by more recent trading figures, we managed to raise a SSAS mortgage for our client to assist them with the recovery and growth of the business.

Commercial Mortgage

Date completed: 20th January 2019

Loan amount: £157,000

Location: Liverpool

Description:Our client wanted to remortgage a residential investment property to pay off a bridging loan. With only 21 days until the bridging loan expired and the refurbishment taking longer than expected, we are able to successfully secure a mortgage within 24 hours of application with the valuation and legals instructed immediately. Our client was able to complete the remortgage in time to avoid any bridging loan penalties.

Re-finance of residential investment property

Date completed: 24th January 2019

Loan amount: £140,455

Location: Liverpool

Description:Our client, an experienced property landlord, had previously purchased a property using a bridging loan and wanted to retain the property for longer term investment. The loan had to be secured quickly to repay their existing bridging loan without penalty, which was duly done.

Unsecured Business Loan

Date completed: 18th January 2019

Loan amount: £180,000

Location: Oldham

Description:Our client was looking to acquire another business whilst also looking to buy out another shareholder. We successfully arranged an unsecured business loan to assist with the transaction. The funds we available within a couple of weeks to enable our client to complete the deal.

Commercial Mortgage

Date completed: 14th December 2018

Loan amount: £1,600,000

Location: Staffordshire

Description:Our Staffordshire based clients approached us to assist them with securing a £1.6million commercial mortgage to develop purpose built premises for their business. We were able to secure the full amount required and completed within our clients’ timescales.

Development Finance

Date completed: 20th December 2018

Loan amount: £250,000

Location: Cheshire

Description:Our client wanted to expand their online retail business and move into a new rented facility on a 10 year lease. They needed to fit out the new large warehouse premises including the additional of a mezzanine floor, with some surplus funds being used to purchase additional stock. We successfully raised an unsecured loan of £250,000 on a 5 year repayment schedule completing the loan within 4 working days.

Purchase of residential investment property

Date completed: 20th December 2018

Loan amount: £85,000

Location: Lancashire

Description:Our client, an experienced property landlord, was successful when bidding at auction and required funding to complete on a purchase. Under the auctions conditions, they needed to complete the transaction within 28 days so speed was the priority. We secured funding with the loan completion within 10 working days - much to our client's delight.

Unsecured Business Loan

Date completed: 20th December 2018

Loan amount: £220,000

Location: Cheshire

Description:Our client's business is expanding with an additional depot being opened thus the business required funding to assist with the purchase of additional stock and working capital to support cashflow. An unsecured loan was provided with the benefit of detailed forecasts to assist with the continued growth.

Development Finance

Date completed: 19th December 2018

Loan amount: £1,452,024

Location: Merseyside

Description:Having already purchased a site and successfully secured planning permission for 8 new build apartments, our clients were looking for a development lender to work with them to provide 100% of the build costs plus interest roll up and fees, although they were under a tight timeframe to complete and drawdown funds to complete on another opportunity. We were able to secure funding on very competitive terms being 7.25% p.a with no exit fee with a lender who was able to meet with the clients quickly and get the valuer, QS and legal team on board to enable a smooth completion in the required timescales.

Commercial Mortgage

Date completed: 17th December 2018

Loan amount: £162,000

Location: Manchester

Description:We were introduced to a client who wanted to refinance their Hotel so they could carry out refurbishments as they had been declined by their existing bank. After a meeting with the client the application was submitted and an approval sought from a specialist lender. The valuation was quickly carried out and legals instructed with a completion taking place before Christmas.

Residential Multi-Unit Investment Mortgage

Date completed: 12th December 2018

Loan amount: £108,500

Location: Blackpool

Description:Our client wanted to purchase an investment property in 2014. They agreed a purchase price with the vendor at the time and also paid a deposit to secure the property, plus agreed a monthly rent until the purchase completed. In turn, the clients sublet the property in order to generate an income plus spent considerable funds refurbishing the property which led to an enhanced value. Based on the enhanced value of the property we were able to source a lender who accepted the initial deposit and the clients’ expenditure on the refurbishments, which meant they could provide a mortgage for 100% of the balance owed to the vendor.

Commercial Mortgage

Date completed: 6th December 2018

Loan amount: £600,000

Location: Midlands

Description:Our clients business had previously gone into administration having suffered financial difficulties. Having set up a new trading company, they were looking to purchase their old trading premises back from the administrators. We successfully sourced a lender who saw potential in our clients business and arranged a commercial mortgage at 90% LTV with a competitive rate to enable them to complete on the purchase.

Residential Investment Mortgage

Date completed: 18th November 2018

Loan amount: £135,000

Location: Liverpool

Description:Our client approached us after unsuccessfully trying to refinance a block of 6 residential units with another broker. The deal was time critical as the funds were being used for a part completed commercial development. We were able to successfully secure funds at 75% LTV within our clients requested timescales.

Residential Investment

Date completed: 27th November 2018

Loan amount: £63,500

Location: Liverpool

Description:Our client, an experienced property landlord, negotiated the purchase of a house in Liverpool which they plan to refurbish and sell. The vendor was motivated to sell and our client consequently secured a great deal on the condition the transaction completed within a week. We arranged a short-term bridging loan achieving completion in just six days.

BTL Portfolio Mortgage

Date completed: 19th November 2018

Loan amount: £652,500

Location: Cheshire

Description:Our clients wanted to release equity against a portfolio of 6 self-contained flats which were fully let. We were able to secure a 5 year fixed rate at 3.75% being 75% LTV over 25 years allowing our client to release the funds required to re-invest in other projects.

Development Finance

Date completed: 10th November 2018

Loan amount: £108,000

Location: Crewe

Description:Our client is new to property development and recently completed their first purchase and refurbishment project. They saw another property that they wanted to purchase at auction and using their existing property and the new property as security we successfully arranged 100% finance for the new purchase plus funds to refurbish the new property. This loan was arranged despite our clients having no other source of income and only 3 months property development experience.

Development Finance

Date completed: 16th November 2018

Loan amount: £131,000

Location: Lancashire

Description:Our client had a reasonable sized garden in his property and had managed to obtain planning permission to split the title for the land at the rear of his home. We successfully raised 100% of the build costs for our client to build a house adjacent to their property, which will eventually produce a projected profit of £250,000 upon sale.

Commercial Mortgage

Date completed: 7th November 2018

Loan amount: £262,500

Location: Cheshire

Description:We were introduced to our client who was looking to purchase additional premises to enable them to bring a number of teams within their business all under one roof. We quickly arranged for a loan with a High Street lender at 75% loan to value. Legals were instructed and completion was undertaken within 5 weeks.

Commercial Mortgage

Date completed: 16th October 2018

Loan amount: £97,500

Location: Rhyl

Description:Our clients were operating a small café in Rhyl however did not like paying the expensive rents to their landlord. They decided to purchase a unit on the same street and we successfully raised 75% of the purchase price with monthly repayments being significantly lower than their previous rental payments.

Refinance of Serviced Accommodation Properties

Date completed: 20th October 2018

Loan amount: £270,000

Location: Lancashire

Description:Our client, an experienced property landlord had recently purchased three properties which he had refurbished and is now advertising via Airbnb and booking.com. We successfully raised finance for him to use for his next purchase and subject to the success of these first three serviced accommodation units, our client aims to expand his portfolio over time.

Commercial Investment Mortgage

Date completed: 10th October 2018

Loan amount: £542,500

Location: Cheshire

Description:Our client wanted to release equity against a portfolio of 12 self-contained flats which were fully let. We were able to secure a 5 year fixed rate at 3.86% being 70% LTV over 25 years allowing our client to release funds to be used towards other investments.

Unsecured Business Loan

Date completed: 19th October 2018

Loan amount: £50,000

Location: Wigan

Description:We were approached by our client to arrange an unsecured business loan to enable them to refurbish and extend their already very successful bar and restaurant business. The deal took 10 days from application to drawdown.

Unsecured Business Loan

Date completed: 25th September 2018

Loan amount: £199,500

Location: Accrington

Description:Our client was looking to move into a new retail premises but needed to add a mezzanine floor and provide a full fit-out to the unit. The unit was leased so we could not use the equity in the property and therefore raised an unsecured loan to cover the full fit-out plus a small amount towards stocking the new unit.

Bridging Finance

Date completed: 20th September

Loan amount: £317,000

Location: Manchester

Description:We were approached by our client to arrange a bridging facility to enable to them to repay an appointed LPA receiver. We quickly arranged a loan to be approved with the valuation instructed, legals instructed with the deal completing within 3 weeks.

Commercial Mortgage

Date completed: 18th September 2018

Loan amount: £110,000

Location: Stockport

Description:Our client approached us as they required funding to purchase a new premises for their trading business. We were able to secure funding at 70% LTV while the deal completed in less than 8 weeks.

Commercial Mortgage

Date completed: 14th August 2018

Loan amount: £500,000

Location: Anglesey

Description:Our client owns a holiday let property and wanted to re-finance it to release equity to enable them to purchase another holiday let property. The loan was sourced and provided on a fixed rate mortgage to provide some certainty over future repayments.

Commercial Mortgage

Date completed: 14th September 2018

Loan amount: £115,000

Location: Liverpool

Description:Our client owns a hairdressing salon which has been trading for 18 months. They required a remortgage in order to repay an expensive bridging loan that they had taken out to purchase their trading premises. After being declined by their own bank, we were able to use our extensive panel of lenders to source a mortgage that was sufficient to repay the bridging loan plus release further funds to extend the salon building.

Unsecured Business Loan

Date completed: 14th September 2018

Loan amount: £75,000

Location: Cheshire

Description:We were approached by our client to arrange an unsecured business loan to enable them to exit their existing invoice finance facility and increase their working capital balance. The deal took 10 days from application to drawdown.

Development Finance

Date completed: 29th August 2018

Loan amount: £160,000

Location: Manchester

Description:Our client, who is based overseas, created a Limited company in order to grow their property portfolio and complete on the purchase of a residential investment property in Manchester – which is now tenanted and generates £600 per month in rental income. Our clients business plan is to replicate this and grow their business. Whilst the number of UK banks willing to support property investors based outside of the UK in minimal, Watts work closely with two or three lenders who are able to provide this funding. We were able to provide a facility for our clients business to grow further.

Unsecured Business Loan

Date completed: 28th August 2018

Loan amount: £100,000

Location: Yorkshire

Description:We were approached by a luxury car dealer who wanted to spread their tax bill over a longer, more manageable period. We were able to source an unsecured business loan for the client with a 5 year term. The facility was in place within 2 weeks of our initial meeting with the client.

Unsecured Business Loan

Date completed: 27th August 2018

Loan amount: £100,000

Location: Sheffield

Description:Our client was introduced to us by their accountant to help identify a more affordable invoice finance facility. From meeting the client, having an in depth review of their needs and through further discussions with their accountant, we established that the best outcome for our client would be to settle the Invoice Finance facility by raising an unsecured business loan instead. We settled off the £60k and provided an extra £40k to provide additional cash-flow to support future growth.

Unsecured Business Loan

Date completed: 23rd August 2018

Loan amount: £120,000

Location: Manchester

Description:Our client was looking to expand their fleet to enable expansion of the business due to new contracts. We quickly arranged unsecured funding for them to purchase new lorries. The deal completed quickly with our client in receipt of funds within 2 weeks.

VAT Bridging Loan

Date completed: 23rd August 2018

Loan amount: £75,000

Location: Liverpool

Description:Our client needed finance to purchase land without planning permission albeit they had positive commentary by way of pre-planning approval. The loan required a quick completion in order to secure the purchase as there was notable interest from other parties. As the property was also subject to VAT, we sourced and a provided a VAT bridging loan to complete the purchase within the clients timescales.

Unsecured Business Loan

Date completed: 20th August 2018

Loan amount: £30,000

Location: Birmingham

Description:Our client is in the building industry and has been trading for less than 1 year. They do not own a residential property and have a poor credit history. While high street banks and other brokers could not assist them, we were able to source a £30,000 unsecured business loan while arranging an additional asset finance facility against the company’s vehicles. We completed the deal within 2 weeks from start to finish.

Commercial Mortgage

Date completed: 15th August 2018

Loan amount: £155,000

Location: Telford

Description:Our clients are ex-pat who had been living outside the UK for over 10 years and wanted to purchase a residential investment property via a limited company and using additional property as makeweight security. Unable to source a mortgage with traditional lenders, we were able to identify a suitable facility with a specialist commercial lender who offered terms within 48 hours to enable our client to secure the property with the selling agent.

Secured Business Loan

Date completed: 8th August 2018

Loan amount: £50,000

Location: Darlington

Description:Our client wanted to raise working capital secured against business premises. We were able to secure competitive terms quickly and release funds within 10 working days to provide our client with an injection of funds to fulfil an order.

Unsecured Business Loan

Date completed: 6th July 2018

Loan amount: £34,000

Location: North Wales

Description:Our clients required a facility to expand their very successful restaurant business which they had set up 18 months previously. They agreed a lease on a property in North Wales and required help with the refurbishment costs. We successfully arranged an unsecured loan and our clients new restaurant opened in early August.

Commercial Investment Mortgage

Date completed: 31st July 2018

Loan amount: £712,500

Location: Cheshire

Description:Our clients wanted to release equity against a commercial investment property - a 14,800 sq ft warehouse in Cheshire. We were able to secure competitive terms at 75% LTV over 25 years, allowing our clients to release funds to be used towards other investments.

Unsecured Business Loan

Date completed: 31st July 2018

Loan amount: £225,000

Location: Shropshire

Description:Our client was introduced to us by another broker who had fallen ill and was unable to work. Our client required £175,000 to support their cash flow / working capital and had an existing unsecured facility of £50,000. We were able to secure a new unsecured business loan for £225,000 at a more competitive rate.

Commercial Mortgage

Date completed: 26th July 2018

Loan amount: £1,000,000

Location: Lancashire

Description:Our client, an experienced landlord and developer had converted an old commercial building into a mixed use semi-commercial property comprising 8 retail units and 12 apartments - all of which had been recently tenanted. While this was funded privately, we were able to secure a long term mortgage which enabled him to recoup his investment and utilise these funds to use on his next project.

Unsecured Business Loan

Date completed: 25th July 2018

Loan amount: £100,000

Location: Sheffield

Description:Our clients' business had grown to the point where they were struggling to manage their cash-flow. This meant that they were utilising an invoice finance facility to assist them. The business deals in the provision of staff in the healthcare sector and they had a time delay from when they had to pay their agency staff to when the monies were received from clients. As our client was looking to save on the cost of their invoice finance facilities, we also looked at alternative solutions. Once we had looked at all options, our client opted for an unsecured business loan which proved with more flexible and cost effective for their requirements.

Commercial Mortgage

Date completed: 23rd July 2018

Loan amount: £95,000

Location: Stoke-on-Trent

Description:Our client, a first time property investor, wanted to purchase a HMO property at auction. A commercial mortgage was agreed in principle prior to the auction with a valuer lined up to inspect subject to the client being successful. Upon successful purchase, the valuation was instructed and the report received within 5 days. Legals were instructed and the purchase was completed within the Auctioneers 28 day deadline.

Development Finance

Date completed: 13th July 2018

Loan amount: £2,009,000

Location: Ormskirk

Description:We were delighted to work again with one of the North West's most experienced developers assisting with the funding for an 8 house scheme in Ormskirk. The deal completed in line with the clients requirements and we look forward to watching the site develop.

Development Finance

Date completed: 22nd July 2018

Loan amount: £2,200,000

Location: North West

Description:Our client had an opportunity to purchase a part-completed development site which had gone into administration. We quickly arranged a meeting with a suitable lender who was willing to provide £1.35m on purchase and a further £85,000 towards the development costs. The valuation and QS reports were obtained efficiently whilst legals were instructed. The deal completed within 5 weeks of instruction and within our clients timescales.

Acquisition Funding

Date completed: 20th July 2018

Loan amount: £200,000

Location: Cheshire

Description:Our client has an existing successful business and wanted to acquire a complimentary business. They had approached their own bank who advised the process would take 12 weeks while we were able to source suitable funding and complete within 7 days. Our client opted to work with us to complete swiftly.

Residential BTL Portfolio Finance

Date completed: 18th June 2018

Loan amount: £1,081,500

Location: Cheshire & Staffordshire

Description:Our client was looking to refinance an existing high street loan facility that had reached maturity and the bank were not prepared to put new terms in place. The portfolio consisted of 20 properties with a large majority of individual property values less than £75,000 providing an additional hurdle to overcome. We were able to secure a competitively priced facility and our clients solicitors managed to complete the refinance within 10 days allowing the existing facility to be redeemed prior to additional charges being applied.

Commercial Re-Mortgage

Date completed: 29th June 2018

Loan amount: £1,012,500

Location: Accrington

Description:Following a recommendation, our 60 year old client approached us to re-finance his portfolio of 24 properties as his term with a high-street lender had expired. As our client had low property values on each property, he had struggled to secure funding from a high-street lender, however we were able to obtain a 10 year interest only mortgage across the whole portfolio. Also, as only one of the properties required a valuation in full and the remaining 23 properties being done via desktop valuation, we were able to save our client in the region of £6,000 on their valuation fees.

Commercial Mortgage

Date completed: 26th June 2018

Loan amount: £35,000

Location: Liverpool

Description:Our client needed to raise some capital to pay a tax bill. We successfully refinanced a commercial investment property which was free from mortgage. The deal was quickly approved and valuation instructed with draw down within a few weeks - meeting our clients tight timescales.

Commercial Mortgage

Date completed: 22nd June 2018

Loan amount: £1,200,000

Location: Lancashire

Description:Our client runs a successful business and had been presented with the opportunity to purchase the warehouse he was renting. He approached us to assist as his requirements and circumstances did not fit the criteria of a number of high street banks. We successfully placed the deal with a specialist lender who, once they had seen the clients business, moved swiftly to release the funds. This enabled our client to complete the transaction smoothly.

Commercial Mortgage

Date completed: 15th June 2018

Loan amount: £2,665,000

Location: Manchester

Description:Our client is a long term developer of student accommodation and required funds to refinance part of a purpose built student accommodation block. We successfully placed our client with a lender who was able to meet their required deadlines.

Development Loan

Date completed: 13th June 2018

Loan amount: £1,193,750

Location: York

Description:Our client required a development loan to build 6 houses in North Yorkshire. We were able to source a lender who could give them the maximum loan amount with interest roll up.

Development Loan

Date completed: 7th June 2018

Loan amount: £6,028,400

Location: Birmingham

Description:Our client, a long-standing property developer - approached us for funding to assist with the development of a mixed retail and student accommodation scheme. Finance was provided to re-mortgage the existing borrowing and provide 100% of the development finance to be drawn in stages, ready for the student in-take in September 2019.

Commercial Mortgage

Date completed: 22nd May 2018

Loan amount: £569,531

Location: Liverpool

Description:We were approached by our client who had previously purchased a property that consisted of 5 self-contained flats with a bridging facility. We successfully secured a commercial mortgage for our client allowing them to pay off the bridging facility in full.

Commercial Mortgage

Date completed: 29th May 2018

Loan amount: £81,250

Location: Carlisle

Description:Our clients wanted to purchase a semi-commercial property which consists of a Chinese takeaway and a 3 bedroom flat above. We were able to secure the finance within the timescales set by our client.

Bridging Loan

Date completed: 18th May 2018

Loan amount: £140,000

Location: Hertfordshire

Description:Our client committed to an auction purchase but was declined by their original bridging lender based on the valuation report, as parts of the property were not of standard construction. We were able to source a bridging lender who relied upon their local panel valuer for a more detailed report which took into consideration the client’s proposed refurbishments. The bridging loan successfully completed and comfortably within the required auction timescales.

Commercial Mortgage

Date completed: 26th May 2018

Loan amount: £234,500

Location: Wales

Description:Our clients were looking to purchase two semi-commercial properties that were held in an estate. We gained approval from the lender and moved to valuation quickly. Whilst the valuation report came in slightly lower than expected, our clients were able to negotiate with the estate to the benefit of all parties. The deal progressed quickly through legals through to completion and our clients were extremely happy to secure the investment.

Acquisition Finance

Date completed: 30th May 2018

Loan amount: £210,000

Location: Cheshire

Description:Our clients were minority shareholders in a long-standing business and wanted a loan to assist in the management buy out of the majority shareholders. The clients had approached the incumbent bank who had agreed to assist but required 2nd Charges over the Directors homes. Our clients were reluctant to provide this because the business was long-standing and profitable and they were also making a good level of contribution towards the purchase. A lender was sourced and they provided the loan on an unsecured basis over 5-years to enable the acquisition to complete.

Commercial Mortgage

Date completed: 18th May 2018

Loan amount: £75,000

Location: Norfolk

Description:Our client wanted to purchase a fish and chip shop in Norfolk. They had approached their own bank who had declined and other lenders had not progressed to an offer. We were able to source a lender who was able to provide a commercial mortgage. Following a valuation and legals, we were able to complete quickly.

Unsecured Business Loan

Date completed: 17th April 2018

Loan amount: £200,000

Location: Skipton

Description:We were approached by our client who was looking for an unsecured business loan for working capital and expansion. They had been to another broker who hadn't been able to acquire the funding required. We were able to place the client with a lender who took the time understand our clients needs and were happy to support them in their growth.

Commercial Mortgage

Date completed: 30th April 2018

Loan amount: £5,927,755

Location: Liverpool

Description:We completed a facility for our client, which consisted of three separate elements including a re-finance and the purchase of both a property and a business. We managed to complete on all components of the deal simultaneously.

Commercial Mortgage

Date completed: 30th April 2018

Loan amount: £345,000

Location: Merseyside

Description:Our client wanted to re-finance a residential care home from a High Street Bank to repay an existing loan and release additional equity to carry out repairs and improvements to the property. The client wanted an interest only mortgage to keep loan repayments to a minimum. The loan was agreed as sought.

Bridging Finance

Date completed: 20th April 2018

Loan amount: £35,000

Location: Birmingham

Description:Our client needed to raise some capital quickly for other business purposes and were in the process of selling a property. As the funds were required quickly, we arranged a short term bridging loan. Due to the value of the property the lender agreed to proceed without a valuation report as it was being marketed. Documents progressed through legals and completed within the timescales required. Our client was very happy and was able to move forward with another opportunity.

Bridging Finance

Date completed: 20th April 2018

Loan amount: £114,375

Location: Chester

Description:Our client had set up a new Limited Company in order to invest in property. We brokered a bridging loan facility of 75% of the purchase price at 0.9% per month, where our client will spend c£20k on modernising the property with the aim of refinancing on completion of the works. Upon completion, our client intends to convert to a long-term BTL mortgage, releasing further equity from the increased value in the process.

Commercial Mortgage

Date completed: 5th April 2018

Loan amount: £261,950

Location: Stockport

Description:We were approached by our clients who had purchased offices in Stockport Town Centre and converted them into a 6 bed en-suite HMO. Our clients had spent a considerable amount on the purchase and conversion, and were looking to recoup these funds for their next investment. We successfully secured a loan at 75% of the new value at a competitive rate, which then enabled our client to move onto their next project.

Commercial Mortgage

Date completed: 19th April 2018

Loan amount: £85,200

Location: Liverpool

Description:Our client completed just one year’s trading as a new Ltd company. They demonstrated small profits in the first year and provided robust projections to determine how the company would grow in the next 2 years. We successfully brokered a mortgage at 75% LTV for client to purchase a new premises for his business with residential accommodation above that may be let out to produce additional income.

Development Finance

Date completed: 11th April 2018

Loan amount: £1,842,873

Location: Pembroke Dock (South West Wales)

Description:Our clients had recently purchased a plot of land with permission for 19 dwellings and wanted to secure funding to complete the scheme under a phased approach. We were able to secure a competitively priced facility that allowed for an initial land loan release to recoup some of the associated costs incurred to date and 100% of the build costs over 18 months.

Commercial Mortgage

Date completed: 20th March 2018

Loan amount: £210,000

Location: Barnsley

Description:Our client approached us in December 2017 as they were looking to purchase a cattery and kennels business in Barnsley. After speaking with a number of our lenders, we were able to secure a commercial mortgage through a high street bank at an excellent rate.

Commercial Mortgage

Date completed: 10th March 2018

Loan amount: £150,000

Location: North Wales

Description:Our client was purchasing a part-commercial, part-residential property at auction. A commercial mortgage was agreed in principle prior to the auction with a valuer lined up to inspect -subject to client being successful. Our client was successful at the auction and the valuation was instructed with the report being received within 5 days. The legal pack was sent to our client’s solicitors the day after the property was purchased at auction and completion took place within the 28-day deadline.

Bridging Loan

Date completed: 29th March 2018

Loan amount: £1,260,000

Location: Manchester

Description:We were approached by our client to help them with the purchase of a prime piece of property in Manchester City Centre to convert into offices. We quickly spoke with various lenders to gain their appetite for the deal. An offer of funding was obtained and legals instructed immediately by the lender as we only had a small window of opportunity to close the deal. We were able to re-address the valuation report which had already been done and the deal completed within 10 working days.

Bridging Loan

Date completed: 29th March 2018

Loan amount: £78,750

Location: Manchester

Description:Our clients agreed the purchase of a Commercial property subject to planning permission to convert to a HMO. We arranged funding of 70% of the purchase price to the clients newly formed Limited Company via a bridging loan facility. We will convert the bridging loan to a long term mortgage facility on completion of the works which is estimated to take approximately 3 months.

DeveloperExit Short Term Loan

Date completed: 13th March 2018

Loan amount: £501,500

Location: Brentwood, Essex

Description:Our client had completed a new build development of a pair of semi-detached houses and was looking to redeem the existing loan to release some equity for another project whilst the properties were being marketed for sale. We were able to secure a short term loan at 0.44% p.m with a 2% arrangement fee and no exit fee being circa 50% LTV over 18 months.

Residential Refurbishment

Date completed: 29th March 2018

Loan amount: £419,996

Location: East Sussex

Description:Our clients were purchasing a residential investment property, which they planned to re-configure into three apartments. They required funding to assist in the purchase and refurbishment of the property. A loan was successfully secured providing 60% of the purchase funds and 100% of the refurbishment costs, allowing our clients to retain cash reserves in readiness for two further projects. The property will be developed and ultimately sold.

Commercial Mortgage

Date completed: 14th March 2018

Loan amount: £352,096

Location: Manchester

Description:Our client wanted to re-mortgage their portfolio so that they could raise additional cash to expand their property portfolio. We were able to secure a mortgage for our client at 70% LTV on competitive terms over 10 years.

Semi-Commercial Investment Mortgage

Date completed: 22nd February 2018

Loan amount: £195,000

Location: Cheshire

Description:Our clients were looking to release as much as equity as possible against a semi-commercial investment property in order to fund other purchases. We were able to secure a mortgage for our client at 75% LTV on competitive terms over 20 years.

Bridging Loan

Date completed: 18th February 2018

Loan amount: £80,000

Location: Prestwich

Description:Our client required funding to complete the refurbishment of a residential investment property that they had originally purchased 4 months earlier but had a number of unforeseen structural problems. We were able to arrange a 12-month loan that included fees and interest roll-up to enable our clients to complete the refurbishment.

Development Finance

Date completed: 16th February 2018

Loan amount: £4,583,000

Location: North Wales

Description:Our client, an experienced house builder with multiple active sites, required funding to complete on another large site. As their long-standing high street lender was stepping back from the market, we were able to secure the funds they required from an alternative lender – completing within the timescales provided.

Unsecured Business Loan

Date completed: 15th February 2018

Loan amount: £60,000

Location: Manchester

Description:We were approached by our client who runs a seasonal business. They had a short-term cash flow issue and their existing high street bank was unwilling to provide further working capital facilities. Our clients business is extremely well run and very profitable, so we arranged for a short-term unsecured business loan to enable the company to purchase stock and fulfil new orders. Our client has since instructed us to assist them with the refinance of their commercial building and re-banking of their company.

Unsecured Business Loan

Date completed: 9th February 2018

Loan amount: £195,000

Location: Southport

Description:Our client required a working capital loan in order to fulfil a new £1m contract that they had just won. We were able to secure finance for our client with funds drawn down in less than 2 weeks from application.

Bridging Finance

Date completed: 9th February 2018

Loan amount: £136,000

Location: Crewe

Description:Our client required a bridging loan to purchase a residential investment property and had been declined by several high street lenders. Upon referral to us, we were able to secure a bridging loan at a competitive rate and within a tight timescale, ensuring our client was able to complete on the purchase.

Development Finance

Date completed: 9th February 2018

Loan amount: £200,000

Location: Cheshire

Description:Our client was looking to grow their rental portfolio and required funding in order to move swiftly on the purchase of a new property. They approached us following the Christmas break and stressed that the emphasis was on speed, as a six-week completion deadline had been agreed with the vendor. Our client quickly provided us with the information and paperwork we required which enabled us to secure credit-approved mortgage offers within a week - completing within our clients tight timescales.

Investment Mortgage

Date completed: 8th February 2018

Loan amount: £210,610

Location: Liverpool

Description:We had previously provided our client with a property loan to assist in the purchase of a property requiring refurbishment. Upon completion of the works, we subsequently provided a term loan to repay the original facility and release the profit to re-invest in their next property project.

Unsecured Business Loan

Date completed: 1st February 2018

Loan amount: £197,000

Location: Manchester

Description:Our client required an injection of capital to assist with the expansion of his business and had been unable to obtain funds from his existing bank due to lack of security. The business already had a commercial mortgage in place up to the maximum LTV and no further equity / security was available. We were able to facilitate an unsecured loan of £197,000 to the trading business with a Personal Guarantee to support the borrowing.

Unsecured Business Loan

Date completed: 2nd January 2018

Loan amount: £350,000

Location: North Wales

Description:Our client, a wholesale / maintenance business approached us for a loan to support their business growth and help with working capital for ongoing orders. We successfully facilitated an unsecured loan for £350,000, which completed within 2 weeks of application.

Bridging Finance

Date completed: 18th January 2018

Loan amount: £155,000

Location: North Wales

Description:Our client committed to an auction purchase but their original bridging lender declined the loan. This was based on the valuation report, as parts of the property were not of standard construction. We were able to source a bridging lender who relied upon their local panel valuer for a more detailed report, which took into consideration the client’s proposed refurbishments. The bridging loan successfully completed and comfortably within the required auction timescales.

Development Finance

Date completed: 26th January 2018

Loan amount: £435,000

Location: Manchester

Description:Our client, who is looking at growing his portfolio of rental properties, requested funding in order to move swiftly on the purchase of a fourteen bed HMO. The emphasis with the request was speed and after gathering the relevant paperwork and information required we approached a number of funders. We sourced a lender who responded very quickly and our client completed the purchase at the end of January. He is now actively sourcing his next property.

Unsecured Loan

Date completed: 26th January 2018

Loan amount: £50,000

Location: Blackpool

Description:Our client was looking for funds to fully refurbish their restaurant, attract new customers and increase trade as a result. We facilitated an unsecured loan of £50,000, which completed within 3 days of the application being made.

Commercial Mortgage

Date completed: 15th January 2018

Loan amount: £750,000

Location: Midlands

Description:Our client approached us as they wanted to refinance a 52 bedroomed Hotel which had initially been purchased using private funding. A loan was quickly approved with valuation & legals instructed and deal completed within a short timescale afterwards.

Residential Investment Mortgage

Date completed: 9th January 2018

Loan amount: £168,588

Location: Staffordshire

Description:Our clients had recently completed a development of six properties and wished to retain one of the properties for investment purposes. We were able to secure a mortgage at 75% LTV on competitive terms and with a lender that was comfortable with effectively our clients purchasing the property from their own company given the transaction was at full market value.

Commercial Mortgage

Date completed: 31st January 2018

Loan amount: £420,000

Location: Cheshire

Description:Our client required a commercial mortgage to purchase premises due to the expansion of their business. We worked with the client offering advice on the most appropriate structure and ancillary services to support additional needs of the business. The business funding needed a pro-active approach due to the relatively recent growth of the business.

Commercial Re-finance

Date completed: 12th January 2018

Loan amount: £500,000

Location: Cheshire

Description:Our clients own a very successful business however they are soon to retire and leave their business to their son. They approached us, as they required a commercial loan of £500,000 to remortgage their existing business premises’, reduce the mortgage on their own residential property and repay the BTL facility on another property. We were able to source a lender who was able to lend them the full loan amount required based on valuations and within the timescale required.

Unsecured Business Loan

Date completed: 21st December 2017

Loan amount: £120,000

Location: Blackpool

Description:We were approached by a business who required funding to set up a new office in Blackpool. They also required working capital to support the hiring of new staff and taking their business to the next level. An application to drawdown was completed within two weeks with funds paid out before Christmas.

Commercial Re-finance

Date completed: 21st December 2017

Loan amount: £6,345,000

Location: Liverpool

Description:Our clients are extremely experienced landlords and developers with a large portfolio of properties. Their terms with their existing bank had expired and they were un-willing to renew them due to the banks overall exposure in the large loan market. We approached a new lender and secured a re-finance over several groups of high quality, residential properties therefore redeeming their existing bank and offering our clients the stability they required.

Short Term Bridging Finance

Date completed: 20th December 2017

Loan amount: £90,000

Location: Wirral

Description:Our client, a property landlord, wanted to purchase a house to convert into two self-contained flats. He had a deadline date to meet in order to secure the purchase. We secured a short-term bridging loan which enabled him to complete the transaction within the required timescales. Once the refurbishment is complete and the properties are tenanted, we will refinance onto long term mortgages at preferential rates.

Commercial Mortgage

Date completed: 8th December 2017

Loan amount: £60,000

Location: Manchester

Description:Our client was introduced to us after being unsuccessful in purchasing new trading premises via their own bank, we quickly arranged to meet with the client to understand the full background and requirements. The application was submitted to the new lender with valuation and legals instructed, and was approved within 48 hours. Our client is now starting 2018 in their new trading premises.

Unsecured Business Loan

Date completed: 8th December 2017

Loan amount: £260,000

Location: Shropshire

Description:Our clients run an established building contractors and were looking to raise additional working capital to fund ongoing and future projects based on their existing financials. We were able to secure a loan of £260,000 over 60 months on very competitive terms supported by personal guarantee from the main shareholder with funds released within 5 days of the loan offer being made.

Commercial Mortgage

Date completed: 5th December 2017

Loan amount: £51,000

Location: Boston, Lincs

Description:Our client approached us as a first-time property investor wishing to purchase a shop and a flat he had been given the opportunity to buy. The client had a strong deposit he had saved from running his own very successful car wash business. We were able to guide him through, ensuring the correct leases were in place for both properties and a commercial mortgage was successfully agreed to the required level. Both valuer and solicitors acted quickly to ensure our client secured his first property investment, which he assures us will be one of many.

Commercial Mortgage

Date completed: 2nd December 2017

Loan amount: £270,000

Location: London

Description:Our client is a hair salon owner trading for 2 years who had an option to buy her commercial premises at a pre-agreed price. Since leasing the property, she had spent approximately £50,000 refurbishing and due to several delays with the refurbishment she only had 2 months left to take advantage of the pre-agreed price that was significantly below market value. We were able to source a commercial mortgage from high street bank at a good interest rate and ensured that the bank, valuer and solicitors all acted as quickly as possible to deliver the mortgage by our clients’ deadline date.

Commercial Mortgage

Date completed: 1st December 2017

Loan amount: £341,250

Location: Cheshire

Description:Our client required a loan to purchase a convenience store and post office business. The client had suitable experience but lacked the sufficient contribution to satisfy the lenders requirements. As well as providing the client with a loan to assist in the business purchase, we also negotiated a vendor loan with the vendor to allow the transaction to complete to satisfy all parties. This enabled our client to fulfil his life-long dream of owning and running his own business.

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