Purchase a residential property in Essex outright with an extremely tight deadline

residential property in Essex

Gross Loan Amount:

£562,000

Property Value:

£750,000

LTV:

75%

Initial Circumstances

An existing broker approached us to help a new client with a bridging loan as there was a lucrative property deal with many parties interested.

They also needed to create a separate leasehold title.

MFS Solutions

MFS instructed both the valuers and the solicitors with the support and knowhow to create a separate leasehold title within 8 days

This is due to our expert panels and experience in dealing with title creation anticipating all the potential hurdles to make the process seamless for both the broker and borrower within the timeframe.

The Benefits

Property Investor was able to acquire their bargain property and create the new title. The exit strategy being long-term finance.

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