Stafford Avenue, Newcastle Under Lyme, Staffordshire

Date: 3rd Dec 2021

Location: Stafford Avenue, Newcastle Under Lyme, Staffordshire

  • The total loan amount for the development: £1,124,129

The Client Brief

A long-standing broker referred this client to us. Our client was very experienced and required 100% funding to build 4 large bungalows.

Challenges

Unexpectedly, some sales took an abnormal amount of time due to long onward buying chains. However, skilful solicitors and effective communication circumnavigated this process very diligently.

Successes

The speed of the build was very efficient and despite the lengthier than expected sales process, the whole project was completed, with all properties sold within 12 months; 6 months shorter than the agreed deal length.

During the build, our clients decided they wanted to add garages to the properties. We helped them accomplish this and were able to take most of the financial strain away from them. We pride ourselves on going that extra mile for our clients.