Regentsmead sees upturn in enquiries

June 1, 2011
Regentsmead has seen a substantial upturn in enquiries since the beginning of 2011 which it says can be attributed to an increased confidence in the market and further tightening of mainstream lenders’ criteria. <br> <br> Recently, Regentsmead signed up a loan of £160,000 for the construction of five houses where the end value of the completed project was in excess of £800,000. The borrower had been promised funds by its high street lender with whom they have worked for many years, but the lender was insistent on having additional security despite only lending 20% of the end value. <br> <br> Regentsmead says that it immediately dealt with the case and the borrower received its funds within two weeks of the initial approach. <br> <br> For each case the lender says that it is able to take a sensible, practical approach to the enquiry and deal with it in a personal way.<br> <br>

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