Details:

The client wanted to purchase a property from a member of his family at a discount to the full value.

The client had approached the high street banks for a mortgage to do the purchase, however they were unwilling to help at this stage. They did however indicate that once the client owned the property they would look at a mortgage for them after 6 months.

Once TLC was approached we managed to find a private lender to fund the purchase of the property.

The interest on the loan was retained freeing the borrower from having to make any payments for 12 months, after 12 months the client will be moving the loan to a mortgage.

The loan completed within four weeks from the start to finish.