Fast-moving bridging loan

Funding was required for a retail Unit with 2 flats above. The property had been obtained at the beginning of 2023 as a cash purchase and the owner needed funds to repay a family member who had initially provided the funds.

Although a refinance mortgage offer was in progress, it was unlikely to be finalised on time. However, we were able to supply bridging funds ahead of the refinance completion date.

Doing what we do best, our team worked closely with the broker to expedite the funding application process. The application was promptly submitted, we swiftly issued the terms within one minute. Within three hours, we followed up with the offer, and within five working days, the funds were made accessible!