Apex Bridging Case Studies

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£96,000 to purchase an investment property

Our client became aware of a flat for sale, the property had previously been on the market but the vendor wanted a quick sale so was advised to send it to auction.

It failed to sell on the day and our client secured the property with a 10% deposit for the sum of £90,000. This purchase was the first investment property for our client.

When the property was valued, we did not disclose the purchase price, and we obtained a true market valuation of £120,000, allowing us to lend 90% of purchase price.

Our loan completed in September 2017 with an 8 month term, our client had a team of contractors ready to start works and had his own funds to complete the works.

Our client redeemed only 3 months later, and therefore benefited from our discounted rate of 1.13%.

We are already in the process of lending to our client again and will continue to work with him in the future.