ASC Recent Client Results
Finance for a Holiday let? It’s E-Sea!
Carrie King, an experienced holiday property manager, had recently purchased a highly desirable investment property in Mevagissey, Cornwall using her own funds. The property required an extensive programme of refurbishments to be ready for holiday letting and she approached her local business manager at the bank to obtain the funds required. Despite being a long standing customer with a perfect lending history, the bank’s lack of “appetite” for the sector meant Carrie was turned away.
Luckily, Carrie had a conversation with a friend who suggested she contact Conrad Robins at ASC to see if another lending source would be able to help.
Using his extensive knowledge of the sector and contacts in the market, a lending source was located. After addressing some of their initial reservations, the lender was happy to proceed with a small retention on the loan whilst the improvements were ongoing.
With the loan now complete and all funds drawn, the property, known as The Sea Hoss, is now ready for the holiday letting season, and can be viewed, and booked here:
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