Commercial Finance Brokers (UK) (CFBUK) was approached by a professional client that had been in practice for 15 years, setting up their own practice in 2011 with the assets jointly owned between husband and wife.

Sadly the couple commenced divorce proceedings and our client needed to raise funds to pay for the divorce and the costs involved in retaining the property and taking control of the practice.

The loan required was £250,000 to be secured against the practice property valued at £450,000 and repaid over a 15-20 year term. The practice accounts showed an ability to service the loan and the client was also due to retain the matrimonial home in the divorce, valued at £850,000 and unencumbered.

CFBUK helped the client to raise the funds required using their expertise and knowledge of the market. CFB achieved full amount required at Bank Base + 2.75% over the loan term required and within the client’s preferred time frame.

CFBUK Case Study 6 - Financing Divorce