ASC Success Story
Immediately referred to ASC - secured 70% LTV
When Tony Whale went to see his IFA Brian Brotherton to discuss the possibility of buying a commercial property he had found on the market he was immediately referred to Stephen Colley at the ASC Essex office. Having been running his own vehicle body repair and colour changing business "Colourtone", he had decided now would be a good time to purchase his own freehold property with the option to lease half of the premises out to a colleague in a similar business.
Tony did not hesitate in coming in to see Stephen who was happy to evaluate the market to find the best available deal.
Stephen managed to secure a long term facility of 70% loan to value for 25 years at 3.75% over Bank Base Rate. Brian managed to raise some additional funding for his deposit from a residential property with a deed of gift from his family to cover the balance.
Tony commented "I was more than pleased to have Stephen and Brian alongside me to arrange the transaction. Having never purchased commercial previously, the support and guidance they provided to me was immeasurable and do not think I would have managed it without them. In the end, the process went through quite quickly but the vendor threatened several times to pull out of the deal who Stephen managed to placate". Stephen commented "This was a perfect example of working closely with our introducers on the Clients behalf to be able to achieve the best solution for Tony".
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