Central London Residential Bridging Loan
Location - Central London
Value - £350,000
Loan Type - Second Charge Residential Bridging Loan
A UK resident businessman from the Middle East, had a liability to HMRC for a significant tax charge and had borrowed against his home, an attractive apartment on a garden square in Central London, in order meet part of the liability.
The property was on the market for sale but the facility had expired. We refinanced with a second charge, residential bridging loan, to be repaid from the proceeds of the sale of the apartment.
