T: 01565 654005 NEWSLETTER ENQUIRY FORM

BLOG

Bridging Loan in Devon £412,000

Bridging loan to Torquay based developer to repay existing development loan with another lender which had expired. Introduced to us by their residential broker.Negotiated with lenders to reduce the number of properties held as security thus maximising remortgage options and reducing the amount of interest charged.

Agreed over a nine month term which was sufficient time to sell or remortgage further units without the pressure of distressed sales.

Your property may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.

Searchlight Menu