Supporting Owner-Occupier Purchase with Complex Deposit
The Client Background
A self-employed carpenter wanting to purchase the workshop premises they currently traded from, securing long-term stability for their business.
The main challenge centred around the deposit being partially funded through an unsecured business loan, adding complexity to the overall structure and lender appetite.
The “Positive” Solution
Working with the broker we presented the case clearly to ensure the source of deposit funds were fully understood and acceptable to the lender.
West One were able to support the purchase at 75% LTV, taking a pragmatic view of the overall scenario and the client’s trading position.
The Loan
Product: Commercial Mortgage
Lender: West One
Loan Amount: £620,000
Loan Purpose: Purchase premises company is trading from
LTV: 75%
Commission: £3,606.50
The “Positive” Outcome
The full £620,000 was successfully secured, allowing the client to purchase their trading premises and take control of their business location. The solution provided long-term security, removing any uncertainty and increased cost of renting.
Why Choose Positive?
When cases involve layered funding or non-standard deposit sources, presentation and lender selection are key to achieving the right outcome.