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Bridging helps client’s manor house meet new energy performance standards

LTV: 35%

Term: 12m

Loan: £600,250

Property: Manor house

Issue

The client had found a site consisting of large manor home with vast amounts of land and other out houses. The intention was to renovate the manor house and bring all the out houses to a high standard for rental.

But, the property had an EPC rating of G. The client wanted to go straight on to a term loan, however with new regulations and changes this was not a feasible option.

Hope Capital’s solution

The broker had approached other lenders, but time was of the issue as a purchase had been agreed to complete within two weeks.

The client had a wealth of experience with property; she has a sizeable portfolio and also owns a large successful estate agency. Her confidence in the property’s potential meant that Hope Capital was prepared to carry out a valuation and offer the loan within 48 hours of instruction.

There were some legal issues regarding solicitors, but Hope Capital successfully and swiftly rectified these to allow the sale to proceed.

Result

Hope Capital managed to complete so the sale in time so the client got her money and the property.

“Thank you very much for the hard work and quick turn around on this one! Massively appreciated for a very important client. This will be the first of many I will send your way.” Lloyd King, Cornerstone Finance