Testimonials

"Our consultant had a particularly difficult time as a result of ongoing problems we encountered over 2 years of negotiations "

Mr C, Vet

"Throughout, he was diligent in all his endeavours and in our opinion went far beyond his duty in finding us suitable products." What we arranged: Our clients needed to capital raise in order to purchase the short lease on a London flat. At the same time, a purchase price had been agreed for the lease to be extended. Liaising with the solicitors, valuer and lender, the consultant was able to obtain a mortgage offer facilitating the purchase of the extended lease. A change in circumstances together with timescales not being met (due to legal complications) resulted in the withdrawal of the initial offer. With the agreed deadline for the lease extension quickly approaching, the client was in danger of losing the ability to purchase the extended lease. Again, liaising with 2 sets of solicitors and getting the valuer involved, SPF was able to arrange bridging finance at very short notice. The client completed in time and was at last able to purchase the extended lease.

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Market comment

Mark Harris
Managing Director

13 January 2012

New Year, Same Story

A New Year, but more of the same. As expected the Bank of England’s Monetary Policy Committee (MPC) announced Base Rate will remain unchanged.