Exhibiting an attractive loan-to-value, the second charge loan is secured on a prime residential property in stockbroker-belt Surrey. While superficially straight-forward, the case presented a number of significant processing challenges from the outset.
Following the refusal of the existing second-charge mortgagee to extend their facility, Niche Financial and Omni Capital stepped in to assist the client.
Combining resources and access to legal expertise, they were ultimately successful in negotiating a complex Deed of Priority with the senior lender.
Speaking for Niche Financial, Malcolm Scanlon said:
“I have been fortunate enough to have known Colin and his team for a number of years. When this deal arrived in our office, despite its complex nature we knew the case would be in safe hands with Omni Capital.
"They have a great appetite to lend, and we were able to work in tandem to ensure the case reached a quick completion.
“As a brokerage that receives deals direct from clients and also other introducers, it is essential that we have faith in the products we have available. Omni’s product offering allows us to do this with full confidence, and I am sure their presence in the market will continue to grow over the coming months”
Colin Sanders, chief executive officer of Omni Capital, added:
“It is always a pleasure to meet old friends again. With a shared background in specialist financial services, we have known Malcolm for many years and warmly welcome him, and his team, as a key partner.
“Completing this deal with Niche Financial gives us added pleasure in that it presented a number of complexities that might have proved too daunting for many intermediaries. But with perseverance, patience and a bit of commonsense we united to go the extra mile and bring about a successful and mutually-beneficial outcome.”
