The customer owned their business premises; they were unencumbered and valued at £500k. Brightstar were able to secure short term finance on a first charge basis at 50% LTV. The loan was offered at 0.95% pcm on a non-status basis with no ERCs or exit fees.
The introducer was paid £2500 in procuration fees for referring their client to Brightstar.
READ MORE about the scenarios where short term finance can be useful