75% Auction Purchase bridging loan
What was needed? Our client purchased an undervalued property based in Manchester at auction. Our client's plan was to purchase the property from auction and move it onto a buy-to-let once all works to the property have been completed. LTV The client required a loan of 75% of the market value of the property which was £100,000 Rate The bridging finance was agreed upon at a rate of 0.95%. Term The total term of the loan was 6 months. Exit [...]