• Location
    North London
  • Loan Type
    ALTERNATIVE Overdraft
  • Value
    £3,200,000

Alternative Overdraft North London

A valued client completed the development of five detached houses and immediately finalised the sale of two, with two more under offer and the intention to retain the fifth for his family’s occupation.  

The development loan was reduced by the proceeds of the first two sales and the balance outstanding converted to an ALTERNATIVE Overdraft with sufficient surplus to utilise for further site purchases. 

As further houses are sold, the loan will continue secured by the remaining properties and, if necessary, the sites which are purchased. 

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