The Nigerian national required the funds in six weeks to secure the luxury four-bedroom apartment in Lancer Square, which is part of a collection of 36 apartments and penthouses immediately behind Kensington Palace Gardens and just off Hyde Park.
The lender used bespoke remote signing and witnessing agreements for international clients to ensure the funds were available on the required day.
The deal was completed at 72% LTV on lender’s stepped rate starting at 0.59% over 10 months, while exit will be realised through a BTL mortgage.
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The application was taken from start-to-finish by head of underwriting, Saif Khalique.
Commenting on the case, Saif said: “This year we have completed bridging loans on several super-prime properties in Kensington and surrounding areas for both British and foreign nationals.
“We have built a strong reputation for delivering on large ticket-sized loans where reliability pays and for being able to move quickly and seamlessly to meet the demands of high net worth individuals.”
This latest case follows a £6.95m Kensington facility, completed in five days last month.
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