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Mr  K  was  introduced  to  us  by  a  leading  London  broker.  He  owns  an  investment  property  in  Mayfair,  a  top  floor  apartment  in  his  own  name  valued  at £3.5M. When  the  enquiry  reached  us  the  mortgagee,  an  overseas  bank,  had  already  threatened  to  instruct  an  LPAR  Receiver  due  to  mounting  arrears.  

The client required £1.7M to halt the actions being taken by his lender and redeem his mortgage.Our loan of £1.8M was offered against the Mayfair apartment and secured at a rate of 0.95% PM and an LTV of 51.5% over a period of 12 months.

A  valuation  was  obtained  within  6  days  of  the  original  approach  and  during  this  period  the  client  flew  to  the  UK  to  complete  a  full  due  diligence  pack and take full independent legal advice with his own London Solicitors. 

We were subsequently able to complete the loan in just 9 working days. Our loan will be repaid by the sale of other properties in the clients UK portfolio enabling him to retain the security property.

Countrywide Funding Solutions is a specialist financial introducer connecting you to a whole network of business advice. We work directly with expert brokers to provide bridging loans, development finance, business loans, invoice finance and HMO mortgages. Operating from our base in London, we operate across the UK using our extensive panel of lenders to ensure we always find the best deal. When arranging finance it makes perfect sense to work with specialist brokers who understand the lenders’ requirements. Our team of experts know how to manage applications to obtain the best results for you in the fastest possible timescale.

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