Here at Prospect Capital, we are always delighted to work again with previous clients, and also to be able to demonstrate our ability to complete a transaction within seven working days when required to do so. We are pleased to announce this successful completion, which followed our clients' agreement to purchase a new build apartment in Manchester’s popular New Islington district. The development is home to 12 luxury townhouses at ground level and 361 apartments above, and benefits from a gym and spin studio, a cinema room and a 25m luxury pool and five-star spa.
Our clients had planned to fund the purchase from their savings, but experienced difficulties in transferring funds from Hong Kong and approached Prospect Capital to see if we could assist within an urgent timeline. The couple had already provided a 30% deposit and had only seven working days to complete the purchase or lose their deposit and the property. Prospect Capital committed to this transaction and with the assistance of our excellent solicitors for this particular facility, we completed the purchase in an impressive six days from initial contact. Once the property is let and income-producing, it will be refinanced to a buy-to-let mortgage.