A housing group approached the Bank wanting to release the equity from 5 self-contained apartments in a block of 10 newly developed apartment units.
• £550k loan
• 50% LTV over 18-month loan term
• Loan structured to make repayments affordable
The funds were needed to allow the Directors of the housing association to complete several other projects within the group. The customer also owned many high-quality holiday lodges in the Peak District within their portfolio.
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