"We collaborated closely with QED Finance and in-turn with the chartered surveyors, so they understood the application in-depth."
- Kunal Mehta, managing director at SKDA
SKDA has completed a £1,030k complex bridge for the purchase of a 41.58-acre site in Billingshurst, West Sussex.
The applicant applied via their limited company for the plot which includes a detached four-bed Grade 2 listed farmhouse and gardens, stables, barns, shed, garage workshop, office, and hard standing areas for motor sales and administration.
Given time limitations, SDKA’s underwriting team confirmed serviceability as soon as possible, assessing the client’s accounts and confirming deposit through various sources. An issue with a failing septic tank meant £20k was retained pending installation of a new system.
The deal was introduced by QED Finance and concluded at 63.3% LTV on a flat rate of 1.15% over a twelve-month term.
“This case demonstrates the value of working with a specialist broker, navigating complex requirements, managing multiple stakeholders, and ensuring the right funding is secured in a timely manner.
“SKDA’s responsive and solution-focused approach was instrumental in bringing the deal together, and we look forward to working with them again on future transactions,” said Mark Vickery, director at QED Finance.
Kunal Mehta, managing director at SKDA (pictured), added: “We collaborated closely with QED Finance and in-turn with the chartered surveyors, so they understood the application in-depth. This allowed a fair and independent assessment of all the buildings and land, after which it was a smooth ride to get us over the line and release the funds.”
