The funding will be used to complete the construction of another floor and the modernisation of a property, as well as the acquisition of a second mews building in Hammersmith.
Aspen collaborated with AppleBY Global to confirm the ownership of the BVI company, and with Stephen Evans Jones at FieldFisher to sort out the potential case complexities.
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The case was submitted and a fully underwritten, credit-backed offer was issued within three hours confirming all legal and valuation costings.
The specialist lender faced an issue with ownership while arranging the deal, as the company was owned by another firm whose director wasn’t the lender’s client.
This meant the client wasn’t able to sign the mortgage deed.
However, the legal situation was resolved once the client amended the directorship on the advice of Aspen’s underwriting team.
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