The Barnet property had been granted planning permission for change of use from a clinic to a three-bedroom residential home.

The client needed a swift financial solution following the withdrawal of their original lender at the last minute and needed finance for both purchase and light refurbishment of the property.

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Due to the tight timeline, the lender reused the existing property valuation and implemented a streamlined loan approval process to meet the strict deadline.
 
On day one, legal procedures were instructed while simultaneously readdressing the existing property valuation from the previous lender. 
 
The borrower’s exit strategy was the sale of the property post-refurbishment. 

loan approval was secured in five working days. 
 
Taylor Osunsedo, BDM at Alternative Bridging Corporation, commented: “We recognised the urgency of their situation and ensured the process started quickly and that each element was managed efficiently, the team worked hard to meet the deadlines and the client’s expectations. 
 
“I'd like to extend my appreciation to the case manager, Divya Patel, and underwriter, Robert Seymour, for their efforts on this case, their hard work was instrumental in finalising the deal in just five working days. 

“A special thank you also to Lawrence Stephens and Asserson Law Offices for their dedicated contributions in ensuring the successful and prompt completion of this deal.”