Our team recently had the opportunity to assist a high-net-worth individual based in the Channel Islands in meeting their short-term liquidity needs. The client required a loan of £600k for a period of 24 months, secured by their unencumbered residential property in Jersey.
To meet the client’s requirements, we reached out to our co-funders who were willing to fund the loan. We secured the loan with a first charge over the client’s property in Jersey, ensuring that the investment was protected. The loan-to-value ratio was less than 40%, providing us with ample security and low overall risk. Throughout the loan term, the interest will be serviced monthly, ensuring that our client was able to meet their financial obligations on time.
Our team worked closely with the client to ensure that the loan was structured in a way that met their needs while also providing security to our co-funders. We were able to complete the loan within a fortnight, providing the client with the short-term liquidity they required. Our ability to act quickly and efficiently allowed us to meet the client’s requirements within a short timeframe, demonstrating our commitment to providing excellent service to our clients.
In conclusion, our team was able to provide a high-net-worth individual in Jersey with a loan of £600k, secured by their residential property. Overall, it was another successful completion for our team, highlighting our commitment to providing excellent service to our clients.