Bridging Finance for a New Build Property Purchase
The Client
A brokers clients got in touch with us to help source a bridging loan for a new build property purchase.
The Situation
The clients wanted to use their current unencumbered main residence to secure the funds. The bridge needed to be completed quickly, for the client to avoid incurring any penalties.
The Outcome
Our team of experts set to work straight away on sourcing a lender suitable for the deal. Within a couple of hours terms were issued. Once the client was happy, we submitted all relevant documentation to the lender. Within a day we had secured an offer, offering the full loan amount with an interest rate of 0.85%. From receiving the initial enquiry to sourcing a suitable lender, took only 3 days! The clients exit plan is to sell their current property.
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We can provide tailored solutions for your clients with complex circumstances.