£500k Second Charge Loan to save property’s value

We were approached by CSC Loans, who specialise in Second Charge Loans, with a client urgently needing a £500,000 loan.

Billboard

The Case


We were approached by CSC Loans, who specialise in Second Charge Loans, with a client urgently needing a £500,000 loan. The clients were concerned about a plot of land next to their current property that was about to be purchased for commercial purposes which would likely have an adverse effect on their property’s value.


Shawbrook’s Solution


Due to the time sensitive nature of the case, it was essential that the broker and Shawbrook worked closely to get the case completed as swiftly as possible. Since brokers are always able to speak directly to an underwriter here at Shawbrook, the case progressed quickly. Despite unusual land registry issues arising on the application, the case was funded within just 7 working days of submission to us.


Outcome


An offer was issued to the client on our Second Charge Prime range at a rate of 4.2% up to 65% LTV. The customer was delighted by the speed and quality of the service provided by both CSC Loans and Shawbrook and was able to successfully purchase the plot of land and save their property’s value.


Mark Fry, Managing Director at CSC Loans says


“The consequences for the applicants of not getting the loan were unthinkable. As a result we wanted to work with a lender that we knew would look carefully at the complexities of the case on day one in order that we could iron out any potential issues at an early stage. Shawbrook were that lender!”