Strategic Second Charge Loan for Residential Acquisition

Challenge:

A borrower needed funding to purchase a residential property in Salford, Greater Manchester, using four securities. With an 87% Loan-to-Value (LTV) requirement, securing a second charge loan from traditional lenders proved challenging due to their stringent criteria and slow approval processes.

Solution:

Jemrex Capital provided a £500,000 second charge loan at an 87% LTV, secured against multiple properties with a combined valuation of £1,130,000. The 9-month term offered the borrower the flexibility to complete the purchase while leveraging existing assets. With a swift and efficient process, Jemrex Capital structured a solution tailored to the borrower’s needs.

Result:

The borrower successfully acquired the residential property without disrupting existing financial commitments. By utilizing multiple securities, they maximized their borrowing potential while maintaining financial stability. Jemrex Capital’s flexible approach enabled them to act quickly and secure a valuable asset.