Case Study: Property purchase into pension scheme
17/10/2023
Background
The Client approached us with the plan of acquiring the property located next door to their existing Nursery business. This would then allow the business to extend the nursery at that location. This was crucial for the business’ expansion plans as they already had a sizable waiting list for their nursery sites.
Prydis Approach
We took the time to fully understand the client’s needs, and the importance of the property purchase for the nursery’s growth plans. After reviewing the options available with the client, the decision was made to acquire the property into their pension scheme. As an independent commercial finance broker, we engaged with a multitude of lenders to explore the various financing options available.
Result
We successfully secured a loan of £157,500, towards the acquisition of the property into our clients pension scheme. Prydis Legal played a vital role by representing the Client and addressing all requests from the lender’s solicitor. The integrated approach between our Commercial Finance team and Prydis Legal ensured a swift completion of the purchase, leaving the client delighted as they can begin the expansion of their nursery, to accommodate their growing demand.
If you are contemplating a property purchase, refinancing, or have any other funding necessities, we are here to assist. Book a free consultation with Kyle Borland today: https://prydis.com/our-services/commercial-finance/ or reach out via email at kyleborland@prydis.com or call +44(0) 1392 429687.
