Thank you for your redemption statement, please find cheque enclosed. It has been a pleasure doing business with you. If needed, hopefully we will do business again.
Letter from Borrower, Wales
1st Legal Charge Interest retained Builders Security: Building plot in London. Funds used to build a 3 storey house.
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1st Legal Charge Interest retained Property Developer Security: Land with planning for 6 houses. Funds used to build 6 detached properties.
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1st Legal Charge Interest retained Property Developer Security: Smallholding. Funds used to purchase a property while existing property was sold.
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1st Legal Charge Farming Contractor Interest retained Farming Contractor Security: Barn and 3 acres. Funds used to purchase a barn conversion at Auction.
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1st Legal Charge Interest retained Security: Building plot in Devon. Funds used to build a 4 bed detached house.
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1st Legal Charge Interest retained Property Developer Security: Agricultural land in Devon. Funds used to Purchase property at Auction in Somerset
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Loan Amount: £90,000 Term: 12 months LTV: 55% Borrower: Individual
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Loan Amount: £250,000 Term: 6 months LTV: 45% Borrower: Limited Company
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Loan Amount: £470,000 Term: 12 months LTV: 51%
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Loan Amount: £473,100 Term: 12 months LTV: 63% Borrower: Indvidual
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Loan Amount: £900,000 (drawn down in stages) Term: 12 months LTV: 65% Borrower: Individual
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