Verus Capital provides £150,000 bridging finance against Scottish residential Buy To Let property

Date 22 June 2022

27th May 2022 - Scottish Bridging Finance

In just 10 working days Verus Capital completed a bridging finance loan for £150,000 on a buy-to-let residential property in Scotland.

After recently purchasing the property at auction, the client required a deposit of 35% to be paid within 28 days of the successful bid.

With several unencumbered properties within their property portfolio, he approached Verus Capital to assist with the purchase. Using one of the residential buy-to-let properties as security for a bridging loan was approved with 10 days to raise the required funds to meet the deposit

“Auctions are an excellent way for established property investors and developers to buy properties below market value” explains Paul Hilburn, Verus Capital Director. However, the time frame for completing a property at auction is significantly quicker than a traditional house purchase through an estate agent.”

“Working together with Clients who require a fast turnaround is one of our strengths, as raising the deposit funds in such a tight time scale can be challenging.”

With no need to provide trading history, personal and business bank statements, and no need for a credit check, the client was able to pay the deposit and secure his winning bid at auction.

Verus Capital operate throughout the United Kingdom and are specialists in secured short-term bridging loans from £2-£25 million for both residential buy-to-let properties and commercial buildings.

Bridging Loans from Verus Capital are a quick and easy way for property investors to borrow money by withdrawing the equity from other properties.

Speed and discretion are key in facilitating loans for our clients says Paul Hilburn. The ability for developers and investors to be able to access the equity within their portfolio discreetly without any record on their credit report is very important. Verus Capital is delighted to be able to support the portfolio growth of our property investors and developers.

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Verus Capital are specialists in secured short-term loans on luxury assets, including Cars, Property, Watches, Jewellery, fine Wine and Art. Our short-term loans assist our clients in swiftly releasing up to £2 million of equity in their prized belongings.

No mark will be made on their credit report, and no need to travel as everything can easily be agreed from home. Verus Capital guarantee our clients privacy.

Family-run and privately owned, Verus Capital serves a broad range of clients throughout the United Kingdom.

+44 (0)333 577 3000
info@veruscapital.co.uk

333 Edgware Road
London NW9 6TD

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Silverline Auto Ltd t/a Verus Capital. Registered in England and Wales under company number 12885055 at 333 Edgware Road, London, NW9 6TD. Authorised and regulated by the Financial Conduct Authority, FRN: 937390.

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