Second Charge Bridge On Main Residence
Loan type | Second charge bridging loan |
Loan size | £410,000 |
Loan term | 12 months |
LTV | 70% LTV |
Property/asset | Main home residence |
Property location | Hertfordshire |
Borrower | Owners of several children’s nurseries, adding a new nursery to their business |
Loan purpose | To purchase an ex-pub and convert to a children’s nursery. |
Loan exit | Refinance |