An existing Ex-Pat client currently living overseas with a slight history of adverse returned to Coreco Commercial after discussing the options of refinancing in order to pay off existing finances. With the additional requirement of splitting leases this case was going to prove demanding.
UK finance is notoriously challenging to arrange for Australian residents or Brits residing in Australia due to banking rules; not put off by this challenge our broker took advantage of the bespoke lending available by certain lenders. Our client needed to raise just over 1 million pounds; this deemed achievable by refinancing several properties within their portfolio.
A product was negotiated with a lender willing to pull out all the stops; with decent interest rates & good LTV at just under 55% our client was happy to proceed. Although the case was made problematic by the slow pace of some outside agencies Coreco Commercial held the clients hand all the way ensuring they received the best possible service.
Broker: Guy Nyirenda