The bridging finance was arranged with no early repayment fees and completed within 3 weeks. The commercial mortgage completed shortly after ensuring that the client incurred minimal interest. By arranging both facilities in house meant that the client did not have to provide duplicate documents.
The commercial mortgage was arranged with Allica Bank at a rate of 5.7% +BBR with a 1.5% fee (1.25% added to the loan).
The total pay away to the introducing broker for a hand over referral was £2975.
Products and criteria available at time of publishing
FOR INTERMEDIARIES ONLY AND NOT INTENDED FOR THE GENERAL PUBLIC