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Commercial investment loan completes six days after formal offer

02 November 2017
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Product: C12

Loan amount: £516k

LTV: 67%

With a loan of £516,423 on a 5 year interest-only period, this case demonstrates the effectiveness of our network of panel solicitors and our on-site legal partners, Pure Law. Completing just six days after the issue of offer, significant cost savings were made in the face of a looming redemption deadline from a separate bridging lender.

Seddons Solicitors - a member of Pure Law's panel - delivered a swift response when it was discovered the existing lender's solicitor was not able to complete in time. The legal team from Pure Law and Seddons managed to have the original redemption figure carried over, saving the client a considerable sum.

Highlights

  • rates from 4.10% above 3m LIBOR
  • up to 75% LTV
  • interest only, part and full capital options
  • commercial and semi-commercial security

'This is the first Shawbrook deal I've worked on with Seddons Solicitors. The service has been outstanding, especially from Partner Simon Noonoo.'

David Tonks, Advocate Finance