ASC Success Story
Fighting fires with ASC!
A client was introduced to Steve Bealing at the ASC Surrey office by his residential mortgage advisor, as he required short term funding to assist with the purchase and substantial refurbishment of a fire damaged but partly restored grade II listed cottage from another developer.
Steve met with his client and quickly established that a bespoke loan arrangement over 12 months of part development funding and part short term bridging finance pending the sale of his current property would provide the exact type of funding required.
Steve then went to work approaching the ASC approved panel of lenders and he was able to provide an agreement in principle for his client within a matter of days.
It was then a case of Steve managing the process and ensuring that a detailed breakdown of the costs of the project was provided to the lender and all of their conditions were met and that the lawyers could satisfy themselves with such detail as to ensure the property was adequately insured for future fire damage given the thatched roof and to prove that the new chimney was of sufficient height.
The client is now the proud owner of the cottage and is working hard to restore the cottage and surrounding grounds to its former beauty.
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