ASC Recent Client Results
Let down by the Bank – But not by ASC Finance!
Our clients owned a substantial portfolio of residential investment properties through a limited company. They had been with their bank for the last ten years, and had a strong relationship with them. However, once their ten year interest only loan came up for renewal, they were in for quite a shock. Their bank were only prepared to offer terms which were completely unacceptable to our clients – put quite simply, they wanted to be repaid.
Fortunately, our clients were put in touch with ASC Finance for Business. Using their strong relationships with a variety of different lenders, ASC were able to scan the market and approach a range of different lenders, in order to determine which lenders had the appetite to finance to deal, on terms which suited the client.
Not only were ASC able to refinance the £1,000,000 which our clients needed to repay, but they were also able to raise a further £600,000 for our client to purchase future properties to grow their portfolio.
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