Property: Purchase of a residential Nursing Home in Kent
Loan Amount: £338,000.00
The applicant wished to buy a nursing home from some receivers appointed by a mortgagee. We were able to assist in providing the necessary finance to proceed with the purchase. The Contract was conditional upon approval by the Care Quality Commission. We were able to authorise the buyer to proceed to exchange Contracts and await the completion date which was some weeks later. The relevant approval from the Care Quality Commission duly arrived and the purchase was completed. The applicant needed the assistance of a Second Charge to complete the purchase. We agreed to the creation of that charge and to assist the Second Charge lender in registering their security.
Property: Scrapyard in Hertfordshire
Loan Amount: £150,000.00
An applicant wished to refinance his Scrapyard in order to repay a debt to some family members after litigation. We agreed to assist the borrower in doing so and liaised closely with the solicitors for the outgoing mortgagees (the other family members) to redeem their mortgage on the creation of ours.
Property: Mixed use premises in Wigan
Loan Amount: £70,000.00
Our applicant wished to refinance a mixed use property which comprised retail and residential as well as some music studios.
Property: Eco-friendly holiday site in Cornwall
Loan Amount: £110,500.00
One of the more unusual cases that we have dealt with recently was an eco-friendly holiday site in Cornwall comprising “Ekopods” in a fabulous country setting bordering a stream. While the main residential property was excluded, the security includes a visitor centre and a building that will become a gym as well as the site’s number of “Ekopods.”
Property: Hotel in Blackpool
Loan Amount: £61,000.00
We were recently able to assist an applicant to buy a hotel via an SIPP. We have assisted with a number of properties in Blackpool over the years and we were pleased to help this hotel operator.
Property: Site for Agricultural dwelling plus an agricultural building and land in Wales
Loan Amount: £156,000.00
The applicant wished to raise finance secured in this property with consent for a substantial house to be built.