North London portfolio purchase
The brief
An established family property company needed to complete quickly on a house in NW11. Another lender was quoting, the security package was mixed, and the shape of the deal moved once the independent valuations arrived.
What we did
The team treated the file as one transaction with several moving parts, not four separate problems. Underwriting read the family as a whole, stayed in close contact with the broker as the package evolved, and took a clear recommendation back to Committee so the structure could be reset without losing momentum.
Key Loan Terms
£2.68m
£3.99m
67%
24 months
0.85% pcm
The outcome
The transaction ran smoothly and completed on time. It is a good example of London Credit holding a complicated file together — mixed assets, a shifting structure and a competing quote — and still getting the purchase over the line and on time, resulting in a very happy customer and broker.
“Other lenders went quiet when the file got more complicated. London Credit stayed with it, kept us informed, and we completed on the house.”
Director, family property company
