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It's still possible to secure fast bridging finance. Read how we helped a client purchase within auction terms

A short term lending case study - July 2018

Objective

A client wanted a short-term loan to fund an auction purchase with just 10 days to meet completion deadline (under auction contract).

Obstacle

The problem was that the client had already tried and failed to obtain funding from one lender because of the poor condition of the property and was running out of time to complete the purchase or face losing their deposit already paid.

Outcome

We were able to work with a lender to complete on a loan within eight days of the initial application, with the lender agreeing to use a desktop valuation to save the client time and money. This meant that the client was able to complete on time and didn’t lose their deposit.

 

This case demonstrates that it is still possible to secure fast bridging lending at reasonable rates, which can ease a lot of pressure for clients who may otherwise struggle to fund properties in need of refurbishment and where funds are required quickly.

 

FIND OUT how your client can now borrow up to 100% of their refurbishment costs

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