Case studies

2009 has been a year where lenders have been out of the market, unsure of their positioning or just short of money. The result has been that credit has been difficult to access and the terms and conditions have been significantly different from the headline days of 2007; those lenders with readily available funds have tightened policy and taken advantage of their stronger position to increase margin and fees.

It is all the more important to be confident that your transaction can be funded to the right level and in the timescale that you need. We are purposefully displaying recent cases so that you can see what terms are today rather than time past and you will note the month in which each transaction was sanctioned by the lender.

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• West End Medical Practioners (November 2009)

  14/01/2010

  Our customer was looking for funding to purchase a property containing mixed residential and medical practitioners in a prime location in the West End of London.  Medical practitioners occupied the...

• Auction Purchase – Commercial Vehicle Repair Yard (September 2009)

  14/01/2010

  Applicants were renting yard premises and existing site came up for sale at Auction. Purchase price £1.45m and existing bankers gave them assurances that 60% funding would not be an issue and that auction deadline could be met.
• Hotel Purchase – Isle of Wight (December 2009)

  14/01/2010

  Customers approached us having googled Commercial Mortgages. They had been introduced to the Vendor’s bank with a view to them financing the acquisition but were not happy with the speed their application was progressing as they had a fairly tight time scale to secure the business.
• Motorcycle Parts Manufacturer (October 2009)

  14/01/2010

  Our client, a successful company specialising in the manufacture and supply of sports motorcycle tuning parts had outgrown their previous premises having already extended to the maximum size available on that site...

• Title: Commercial investment re-mortgage for a retail premises let to a newsagents. 10 years remaining on the lease. (March 2011)

  16/03/2011

  A loan of £180,000 was requested to repay Royal Bank of Scotland, which currently has a reduced appetite for property mortgages.
   

• Bed and Breakfast purchase. (May 2011)

  19/05/2011

  Husband and wife applicants wished to purchase an established B&B business, following his redundancy. The applicants’ contribution/balance of the purchase money was raised from a re-mortgage of two of their buy to let properties, which were coordinated with different lenders to produce a successful outcome.
   

• 75% LTV new build multi-unit property

  08/06/2011

  Company directors wishing to purchase recently completed units from their own limited company. The company had built eight units, sold six and wished to retain two of them to add to their existing investment portfolio.