This client had just one week remaining on a contractual obligation to complete on a £1.25m semi-commercial property in North West London.
Previous attempts to secure finance had left the client with a £120k shortfall. Additionally, the client had been required to redeem the mortgages on two buy to let properties, potentially incurring Early Repayment Charges (ERC) or more than £30k.
Sirius worked closely with the lender to enable the client to raise the full £1.1m, without the need to redeem the background buy to let properties and incur ERCs.
The loan completed in just four days from initial enquiry, ahead of the client's tight deadline.