ASC Success Story
Increase your yield with ASC
When you exchange contracts on new business premises the one thing you don’t want is to discover that your source of funding will be delayed. This happened to Paul Bowling and he needed to raise 60% of the price of his new property fast. His IFA Roland Callaway (Callaway Sykes) put him in touch with Stephen Colley ASC Director in Essex who held a conference call with Paul the same day. Stephen arranged a valuation for that week, advising the valuers of the urgency, approached ASC panel lenders who could work to a tight deadline and started working with Paul’s accountant on the finances.
Paul had a decision in principle within 4 days, subject to the valuation which was received a week later. An underwritten offer came the next day and Paul signed all the paperwork at Stephen’s office. Solicitors were instructed immediately.
All legal requirements were satisfied and completion happened on the due date, just 19 business days from the initial call. Everyone involved was delighted!
Paul Bowling commented “the time we had to raise the finance was not ideal but due to Stephen’s efforts and good team work all round, we were able to complete the transaction in time. Stephen was very confident and kept in constant touch with everybody to ensure a smooth path. As a result, I am now very happy to have a freehold property for my business Ice Watch Ltd which will no doubt help cement our future”.
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