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Re-finance Owner Occupier Shop

Updated: 30th March 2007 (AM)

For:Owner Occupier Shop
Location:Worcester
Amount:£226,000

The client��s own Bank were not able to provide the additional funds the client was requesting due to no up to date accounting information and recent detrimental information being registered.

We were able to deliver the full amount requested with new lender fully aware of the recent CCJs and with the benefit of an interest only option, his overall monthly payments were in line with his previous mortgage costs prior to the further advance.

Sterling arranged a mortgage of £226,000 over a period of 30 years; LTV being 80%; Margin 4.95%; 3 years Interest Only.