Inspired Lending has completed a £2.1 million bridging facility to enable the consolidation of three investment properties into a single corporate structure.

The loan, provided at 70% LTV over a six-month term, was secured by first legal charges over a portfolio of residential BTL properties. The assets were previously held in a mix of personal and company names.

Gavin Diamond, CEO of Inspired Lending: “This was a complex restructure requiring clear coordination across multiple ownership structures and legal entities, as well as getting to grips with SDLT requirements. By working closely with the borrower’s advisers and our own professional partners, we were able to put a tailored facility in place within a short timeframe to support their long-term investment plans.”

Read full article