How a Bridging Loan Helped One Buy to Let Customer

Claire was looking to add a Buy to Let to her property portfolio. She was struggling to secure funding that would allow her to complete within a tight deadline and against the open market value.

Claire was looking to add a Buy to Let to her property portfolio. She was struggling to secure funding from a high street lender that would allow her to complete within a tight deadline and against the open market value.

A lender had been sourced, valuation paid and carried out.

Then the words ‘we lend against the 180 day valuation’ were spoken. 

Claire was stuck…

 

The solution:

We lend against the open market value* meaning:

 

- We could help Claire raise the capital she needed.

- We accepted a retype of her existing valuation, saving her money and time.

 

We assessed Claire’s case and lent against the open market value, all in just 10 days from enquiry to completion.

Claire was able to complete and pursue her dreams!

 

Do you have clients like Claire?

If so, we can help.

 

*subject to valuation being within 3 months, audit and retype fees.

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