Approved, then nearly lost at completion. £212K consolidated.

The business wanted to consolidate existing borrowing and create a more stable funding structure.

The objective wasn’t simply to raise additional money. It was to replace financial complexity with something the business could manage more effectively.

Getting the credit approved was only part of the job. As the transaction moved towards completion, a seemingly simple requirement around evidence of property ownership became a genuine blocker.

The lender required precise confirmation from the client’s solicitor, including the full property description, ownership and title information. Several versions of the documentation had to be revisited before underwriting was satisfied. It would have been easy for the transaction to stall at the last hurdle.

We stayed between the borrower, lender and solicitor and worked through exactly what underwriting required.

Alternative security structures were also considered, but they would potentially have increased cost and delayed completion. Rather than change the entire transaction to avoid a documentation problem, we worked through the outstanding requirement and kept the original structure alive. The result was a completed facility of £212,300.

The business replaced existing borrowing with a more considered consolidation structure and avoided allowing a documentation issue to derail an otherwise viable transaction.