You are here: Home - News -

Century Capital completes four bridging loans in one day

by:
  • 27/11/2015
  • 0
Century Capital completes four bridging loans in one day
Bridging lender Century Capital has broken all its previous records by completing on four loans, together worth £3.5m, on the same day.

One loan took three days to be delivered after the application was received, with the longest taking a fortnight.

The completions included two first charge bridges for refurbishment purposes on homes in London. A £1.5m loan was secured on an unmodernised house in Putney valued at £2.5m, and a £470,000 loan on a Victorian terrace in Stockwell, worth £650,000.

Century Capital also provided a £870,000 first charge to the owner of a house in Kentish Town worth £2m, and a £500,000 second charge loan to the owner of a £6.5m home in Hampstead.

Paul Munford, CEO, Century Capital, said his team has 15 years’ experience in the field and an ‘equity-focused’ approach to lending, which is why the loans could be approved so quickly.

He added: “To complete on four loans in under a fortnight and on the same day is what bridging finance is all about.”

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • RT @robjupp: Great day yesterday for donations to @MortSleepOut. With Gift Aid, we are now close to £17,000. It would be great to get to £2…

Read previous post:
man in bowler hat reading a newspaper
Last week’s most read on Mortgage Solutions – 27/11/2015

This week the Autumn Statement was top of the agenda for our readers, after Chancellor George Osborne made an announcement...

Close