BRIDGING FINANCE FOR A
LATER LIFE BORROWER

We understand that those needing bridging finance often require an efficient turnaround, that’s why we’ve got a dedicated team of bridging finance experts in place to ensure your case progresses smoothly. Check out this real case example which went from signed application to formal offer in just over four working days.

The client’s scenario

The client, a retired later life borrower, was on a timeline to raise funds to purchase their dream property before selling their existing one. They were looking to borrow £400k on their current property, with an LTV of just under 50%.

Our dedicated bridging finance team quickly stepped in to find a solution for this simple bridging finance case.

Our solution

With our flexible, proactive approach, we worked closely with the broker to provide a solution that met the client’s needs in just over four days. We used the sale of their existing property, which was already on the market, as the exit strategy for the loan. 

The outcome? We offered a 12-month, interest-only loan that allowed the client to proceed with the purchase of their dream home, whilst looking for a buyer on their existing property.

Hear from the broker…

Commenting on their experience working with us, Andrew Dudley at Wimborne Financial Services Ltd said: “Service like this gives us confidence to recommend Market Harborough – from initial contact with the bridging team, to regional support from BDM Rohan and prompt, efficient underwriting from Liz.

“Expedient, precise service – it honestly couldn’t have gone smoother, from signed application to formal offer in just over 4 days. Just what you need when your client is on a timeline.”

Liz Griffiths, our underwriter who worked on the case, added: “It was a pleasure working with Andrew on this recent bridging finance case. We understand that when clients come to us for bridging, time is of the essence, and decisions often carry emotional weight.

In this case, the application was clear and well-packaged, which allowed us to act efficiently. Like with all cases, our daily Credit Committee reviewed it on its own merit to provide a swift, solid answer. We then applied our expertise to progress the case, ensuring the broker and client felt supported every step of the way.”

Award-winning bridging finance solutions

If you’ve got a simple bridging finance case like this one, our limited edition bridging finance product could be just the thing you’re looking for! You can find more details on page 13 of our product guide, or by clicking on the graphic below: