BRIDGING LOAN AGREED ON A QUIRKY PROPERTY IN 15 DAYS

We help intermediaries secure bridging finance for a variety of different client scenarios. With their many years of experience, our award-winning, dedicated bridging team provide a personal and proactive approach to complete your cases efficiently.

The clients’ scenario

We were approached by an intermediary partner whose clients, a retired couple, were looking to downsize. They had found the property of their dreams and were in urgent need of bridging finance to complete the purchase before selling their current home. They planned to use their existing property as security and repay the loan when it sold.

Our solution

Our bridging team worked with the intermediary to meet the deadline and offer a short-term loan with rolled-up interest.

A number of things helped us process this well-packaged case quickly. We used dual representation and saved time by accepting a recently-completed valuation from an earlier application. Even though the security was a quirky property with 33 years remaining on the lease, the case progressed from decision in principle to completion in just 15 days.

Commenting on this case, Chris Thompson, National Account Manager said:

“With our flexible approach to short-term finance and dedicated bridging team, we are well-placed to help with cases like this. We worked proactively with the intermediary and got a quick decision from our daily Credit Committee. Things like this really make a difference in meeting turnaround times and helped this couple buy their future home.”

Bespoke products and a flexible approach

To find out more about our bridging finance solutions please call our bridging team on 01858 412345 (option 2).

We approach every case with a can-do attitude and our flexible products mean we often find solutions to scenarios other lenders turn away. We pride ourselves on offering an outstanding level of service to intermediaries and their clients and were delighted to receive a Feefo Platinum Trusted Service Award 2024. This accolade recognises the consistently high scores we have achieved on Feefo in the last three years.

This is a recent case example, pricing is tailored to your clients’ individual circumstances. Article details are correct as at 26 January 2024.