One of the Bridging loan sector’s enduring challenges is to convince brokers and advisers that the potential uses of short term secured loans go well beyond simply facilitating a property transaction and in fact,
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An ageing population is a nice problem to have, but as we continue to live longer, the issue of suitable accommodation for the elderly will become increasingly important.
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The United Trust Bank Bridging team was approached by a high net worth individual who had purchased a dilapidated 1890 property in 1997.
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Our borrower company owns a stunning 18th Century home with a Greco-Palladian frontage. To the uninitiated, Palladian architecture is a European style of architecture inspired by the designs of 16th Century Venetian architect Andrea Palladio.
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Our borrower is a recently widowed lady. She was seeking to move to be closer to one of her sons, a move which also involved moving into a smaller property.
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One of the aspects that makes working in the Bridging sector so interesting is its variety, whether of the story behind the loan or the borrower.
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In November 2013, our borrower, an entrepreneur businessman, had agreed to purchase an apartment off-plan. The apartment is in Central London and had a purchase price of £2.4m.
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We were approached to help a customer who, together with some members of his family, runs a well-established limousine business.
The fleet of cars is “refreshed” at regular intervals and the business required short term funding to facilitate the most recent set of new car leases.
Organisations registered with Companies House with at least one director or a board of directors who are responsible for the decisions of the business.
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