Post by emoney on Jun 20, 2015 12:50:56 GMT
email sent to lenders;
"We have received an application from a borrower who has been let down by his bank to complete some home improvements on a property they purchased a couple of years ago. The borrowers put down a £300,000 cash deposit at the time and have not borrowed against the property since.
The borrower is self employed, has an unblemished credit history and strong cash flow in his business. It's just that the banks computers are now saying no to a further advance.
The current mortgage is completely up to date and no payments have ever been missed. The mortgage and bridging loan combined is 55% Loan To Value"
www.emoneyunion.com/marketplace/
"We have received an application from a borrower who has been let down by his bank to complete some home improvements on a property they purchased a couple of years ago. The borrowers put down a £300,000 cash deposit at the time and have not borrowed against the property since.
The borrower is self employed, has an unblemished credit history and strong cash flow in his business. It's just that the banks computers are now saying no to a further advance.
The current mortgage is completely up to date and no payments have ever been missed. The mortgage and bridging loan combined is 55% Loan To Value"
www.emoneyunion.com/marketplace/
