A client borrowed £600,000 against a market value of £950,000 (63% LTV) to add a cellar and loft conversion to a 4-storey mid-terrace house. The loan, with a 6-month duration, was used to redeem the current mortgage, leaving an additional £75,000 to carry out the works. Once finished, the property was marketed at £1.2m. As the property didn’t sell within the original 6-month period we extended the loan by two months and the property subsequently sold for £1.1m. The loan redeemed in full in June 2015.
Century Capital has successfully completed a loan of £2.56M under a tight time frame, in order to redeem a loan […]
Century Capital has completed a £1.2M facility to a well-known Senior Financial Services Director in order to allow the completion […]
Demonstrating Century’s versatility, we recently completed on an £800,000, six-month bridge facility for a property investor in North London, taking […]