Introducing borrowers to cash for business investments or financial aspirations, refinancing loan facilities and releasing equity provide promising avenues.

Challenge

This case study delves into a refinancing and equity release scenario with a loan value of $2,350,000. The borrower sought to add an additional security to the loan, but the security was held under the borrower’s daughter’s name. This presented a challenge as compliance with legal and regulatory mandates necessitated the borrower’s daughter to secure Independent Financial Advice (IFA) and Independent Legal Advice (ILA).

Solution

Nonetheless, we successfully assisted the borrower in overcoming this hurdle. The borrower’s daughter obtained the required IFA and ILA, ensuring adherence to legal and regulatory stipulations. Consequently, the borrower secured the additional security and accessed cash for investments.

The noteworthy aspect of this deal is our contribution to the borrower’s investment objectives. Although refinancing and equity release can be intricate processes, our expertise enabled us to navigate the borrower through the journey, facilitating access to the necessary funds for goal attainment.

Result

In conclusion, refinancing loan facilities and releasing equity offer favorable avenues for borrowers to access cash for business investments or financial goals. However, it is crucial to engage with seasoned professionals who can guide borrowers through the process and ensure compliance with legal and regulatory requirements. In this case study, our client successfully surmounted a challenge and accomplished their investment objectives with our assistance.