Case Studies

Financial Intermediaries

Affirmative is good for business

Directors of a limited company had agreed to buy a large development site with planning permission to build 50 houses. We structured the deal in a way that the company could purchase and then develop the site. As the houses sold, the company made capital lump sum repayments, thereby reducing the capital balance and the monthly instalments. This flexible approach was the best deal for all concerned!
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Property Developers

Permission granted for one property developer

A property developer was having trouble securing planning permission for a fantastic new project. He needed around £175,000 to secure the site but came across difficulties because there were some issues with the planning permission. We stepped in and were able to help. By taking a first charge over the new property, and a second over his main residence, he was able to secure the fund, buy the site and begin work!
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Private Individuals

A hard-earned deposit, saved at the last minute

A young couple were moving house. On exchange on their purchase property, they paid a £20,000 deposit. The sale on their home should have gone through on the same day, giving them sufficient funds to complete the transaction. Their buyers pulled out the week of completion, which meant our clients would lose the £20,000 deposit. We were approached early on the Tuesday morning to provide a fast bridging loan. Our lawyers were instructed that day, we agreed to take a first charge on the property they were buying, and a second charge over the property they were selling. We completed the transaction by 3pm on the Thursday.
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