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Bed & Breakfast – Teesside

Further borrowing for expansion – £190k

The situation: An introducer approached us, who was struggling to fund the purchase of a large B&B.

The solution: After visiting the client and establishing their needs, we adjusted how the application was presented and placed the case with a high street lender. The case was agreed almost immediately, however due to complications with previous planning permission, the case had to be re-offered twice. Although the lender was getting very impatient and the client becoming exasperated, we kept heavily involved with the client, lender and solicitor and ensured that the case completed smoothly.