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Refinance – Tyne and Wear

Refinance – Total Loan £405k

The situation: Clients were looking at refinancing away from their existing lender. Their deal had come to an end and the lender’s appetite for finance in their sector had diminished. Therefore clients had two choices – sell or refinance.

The solution: Being a light industrial property worth £625,500, rented out on a short term lease meant options were restricted. After a smooth process we secured a loan of £405,800.00 over a 5 year term.