Apex Bridging Case Studies

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£97,500 to purchase an investment property

Our client had sourced an apartment which had been repossessed.

It had been empty for 3 years and they were looking to complete the purchase as their first investment property.

The property was in the process of being refurbished and was 90% complete and due to go to auction with a guide price of £150,000. Our client made a ‘pre-auction’ offer of £100,000 which was accepted.

The client’s mother-in-law provided additional funds to complete the refurbishment of the property and the estimated end value was to be £160,000.

We lent £97,500 over a 12 month period to allow for any unforeseen circumstances and the client then managed to refinance the property via a buy to let mortgage based on £160,000 via his original broker.

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