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.