Our old fashioned approach still works!

Sometimes it is important to maintain what may be perceived to be an old fashion approach to raising finance. With the internet providing so much information for people to consider, it is easy to think that it is possible to secure finance for any given venture by research online and making applications for finance.

This approach had not served Mr & Mrs Davies well in their search for a mortgage company to provide them with a loan to enable them to purchase their dream retirement home. The problem was that their house was in a state of dilapidation and none of the lending institutions they had approached had seen the vision that they had for the property.

At ASC, we will always invite any perspective applicant to meet with us so that we can fully understand and appreciate their proposal. We believe that by doing this we are then in a position to properly explain to lenders the clients proposals. After all, all business and commercial loans are under written on their own merits and do not follow a standard approach provided to residential and buy-to-let mortgages.

By meeting with the Davies? we were able to identify a strategy for presentation of their case to the lending institutions which, using another property as security, suited their requirements. This enabled us to present their case, taking into consideration their requirements which enabled the banks to understand the proposal.

As a result of this we were able to secure the finance that they required to purchase the property to enable them to undertake the refurbishment therein. Hopefully during the summer they will be able to move into the premises and start a well-earned retirement.