We were approached by a self-employed individual who had an urgent tax bill to cease repossession and settle in a tight deadline.
The loan request was for £50,000 over 12 months, secured by way of 2nd charge on the borrowers main place of residence. This coupled with the existing first charge took the Loan to Value to 65%.
After an initial conversation, we were able to source an ideal product and within a couple hours we sent the client the Offer in Principle.
Upon acceptance from the client, valuation and legals were instructed. The valuation was carried out within a few days and then the report issued to the lender within a week. As legals ran side by side, from point of enquiry to completion took just 8 working days.
If you are in need or urgent funds to pay a tax bill or other business expense, get in touch today.
Talk to us today to discuss your short-term funding requirements.