Mortgage Case Studies
The following case study is an actual case , which
has been dealt with in the past 5 years.
| Security
Business Advance |
| Location: Watford |
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Property Type: Applicant operated a security
business from office and warehouse premise in
Watford |
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Case details: Two properties were provided as
security at a value of £1.9m. The company had
recently restructured after losing two key
government contracts. This forced redundancies
and one off costs which translated into trading
losses. We were able to advance £900,000 at a
margin of 4% over base for 20 years. In addition
we deducted the first 6 months payments in order
for the applicant to enjoy a repayment holiday
while it delivered the restructuring of its
business. Projections and future order book
supported the future viability of a restructured
business. |
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*a proportion of these cases were dealt with directly through our
mortgage provider and are here to provide you with
an insight as to what mortgage problems can be dealt
with
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