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Multiple auction purchases

Bridging loan First charges Semi-detached guesthouses Blackpool

Client’s circumstances: A medical doctor required funding on three separate occasions to purchase guesthouses in auctions, located in Blackpool, Lancashire.

Mustard’s service: Mustard supported the client on each auction purchase, providing facilities between £94,500 to £147,750, with LTVs from 70.0% to 75.0%.

The result: The client was unable to repay the loan on time due to delays with refinancings. Mustard considered the client’s circumstance and provided the client with additional time, enabling the client to refinance the loans with another lender.

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Property and business loans up to £1,000,000.