Brightstar were able to complete a 70% LTV short-term bridge of £183,500 via Masthaven Bank at a rate of 0.78% PM.
The case completed within 4 weeks from start to finish, which meant they were able to meet the auction deadline. Once the refurbishment is complete, they will refinance on a buy-to-let mortgage.
The commission paid to the broker for introduction on a referral basis was £1835.00
The introducing broker said…
“This is my first case with Mike and Kit and I am delighted with the first impression that they have given to me and my client. Prompt replies to requests for product information due to their experience and product knowledge, suggestions for workarounds to achieve client objectives – constant progress updates and clear communication on requirements to save time. Always planning ahead for what information ‘might’ be requested to keep us ahead of any processing hold-ups. Overall, so easy to deal with and have already placed another case as I felt so confident.”
Marcelle Murphy, Mortgage Life Solutions Ltd
FOR INTERMEDIARIES ONLY AND NOT INTENDED FOR THE GENERAL PUBLIC