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Wed 04 Dec, 2024

Century completes two country estate deals with Century PLUS

Century Capital are pleased to announce simultaneous deal completions on two country estates with their latest product offering, Century PLUS.



Firstly, the team provided a first charge loan of £1.45m on a detached 6-bedroom property in West Sussex, with a GDV of £2.35m. With planning permission already acquired, the loan will be used to redevelop the coastal property into two detached dwellings.



The second loan, secured against an asset in Oxfordshire, is a newly refurbished 9-bed country estate valued at £10 million. Century provided a second charge loan of £945,000 within a matter of weeks, and the funds were then used to provide additional cash flow for the HNW customer’s business.



Century’s expansion efforts are paying off with two completions on country estates in ideal locations, introducing their expertise to a broader market with a competitive new product.



Paul Munford, CEO and Founder of Century Capital, comments: ‘The announcement of reduced rates for our latest product, Century PLUS, has seen a flurry of new appetite for the product, with a healthy pipeline set for 2025. For more bespoke deals, Century BESPOKE remains our go-to product for high-net-worth individuals in the PCL market, offering unmatched flexibility and a personalised approach to prime property finance.”