An existing clients had just built their dream home in Hampstead, London, NW3 with a GDV of £10m. They over spent on the built and wanted to enjoy the home before they had to sell. The rate secured was a floater at 7.0% pa rolled up for 36 months (3 years) but can go to 60 months (5 years) subjected to equity position (as the interest is retained). We raised £1m.
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