Secured Loan Provided for Home Improvement Project

Here at UK Property Finance, we are approached on a daily basis by all manner of borrowers in search of fast and reliable funding for a diverse range of projects.

In May 2016, we were approached by a private homeowner who was in search of a secured loan at the value of £200,000 in order to finance significant improvements to his large country home in the outskirts of West Sussex. The client was a self-employed businessman who was looking for the best deal on a secured loan which would be backed up by means of proof of income via bank statements and a certificate provided by his accountant.

One of the main problems that our client was facing was the fact that his country home also had a number of stables and as such was listed as an equestrian centre. However – the stables had remained dormant for a number of years and the lenders and surveyors that our client had approached before we intervened would not consider his home as a strictly residential property.

It was clear to us from the start that the intended use of our clients property was exclusively residential in nature and we were able to provide a secured loan based on this borrowing criteria in a process that took no longer than fourteen days to complete – from start to finish.

Bridgingloans.co.uk is a trading style of UK Property Finance Ltd which is authorised and regulated by The Financial Conduct Authority (FCA) FRN no 667602. Think carefully before securing debts against your home. Your property could be repossessed if you do not keep up repayments on your mortgage or on any other debt secured on it. The team at UK Property Finance have many years of experience in all types of regulated and unregulated property finance, in-particular bridging finance and property development finance. Not all property finance products are regulated by the Financial Conduct Authority.

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