Refinance of a first and 2nd charge loan with arrears history for £1.5m

  • Our client owned a London property which had just acquired a top tenant and sought to refinance his exisiting loan
  • The client had a bank loan and 2nd charge loan which had run into arrears
  • The client wanted to consolidate both loans and raise an extra £500000 to purchase a house
  • His own bank had declined the deal due to the credit issues
  • We were introduced to the client by a residential mortgage broker that didn’t specialise in commercial mortgages
  • We arranged a 3 year credit repair mortgage which fitted the bill
Please note our clients credit status allowed a deal to progress on this occasion. We would advise that each clients circumstances can be different and cannot be guaranteed every time