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Re-finance Semi-commercial Property

Updated: 30th March 2007 (AM)

For:Re-finance Semi-commercial Property
Location:London
Amount:£210,000

The client had recently fallen into arrears with his current bank and was being asked to find an alternative funder.

Despite the arrears, we were able to raise sufficient funds to clear the bank and provide some additional funding to consolidate some expensive personal debt. This allowed the client to find a new transactional banker for his day-to-day banking and as there was no borrowing requirement, this was on a free banking basis allowing him further savings.

Sterling were able to arrange:

£210,000 mortgage

25 year Term

LTV - 80%

Margin - 4.5%