Release My Capital home

Asset-Backed Lending for Private Clients · Case Study

Home renovator

Type of loan

Asset-Backed Lending for Private Clients

Client

Home renovator

Asset

Rolex Day Date

Loan amount

£35,000

Key points

Planned home renovation
Funding secured against an eligible luxury watch
Asset retained rather than sold

Background

Client A was undertaking a planned home renovation and required additional capital to meet the associated costs. They owned a valuable watch that formed part of a personal collection and preferred not to sell it to fund the project.

Solution

Following an assessment of the watch, Client A was provided with a £35,000 Asset-Backed Lending facility secured against the eligible asset. The watch was securely held for the duration of the agreement, allowing Client A to access the required funding without permanently parting with the asset.

Outcome

Client A accessed the capital tied up in a valued personal asset to fund the renovation, without needing to sell an asset they wanted to keep.

Representative APR: 69.0%

Representative example: If you borrow £20,000 over 6 months at a fixed annual interest rate of 60%, you will make one repayment of £26,000. The total amount payable is £26,000, including £6,000 interest. Total charge for credit: £6,000.

Your asset is pledged as security for the loan and securely held for the duration of the agreement. If you do not repay the amount due under the agreement in accordance with its terms, your asset may be sold.