Existing Client returns for the purchase of a farm in Sowerby Bridge

An existing Client required additional funds of £245k to purchase a further property for redevelopment.

The Client’s broker had looked into the market and had found slightly better interest rates; however, Momentums flexibility and speed meant the Client wanted to remain with us.

The purchased property was a farm with three buildings planning permission to convert into 6 x 3 bedroom properties.

Momentum was able to easily extend the existing facility within a week to allow the Client a quick and straightforward purchase.

Momentum extended the existing facility up to 70% LTV without further valuations - speeding up the process.

The facility interest rate was 1.25%; however, as Momentum does not require external monitoring surveyors for the development, the facility worked out cheaper than the competition.

The Client was thrilled with the speed, ease, and professionalism showed by Momentum.