£2.8m Bridging Exit Secured for a Limited Company

A broker approached us with a highly time-sensitive case. The clients, Limited Company owners urgently required an alternative mortgage option to repay an existing bridging loan.

With only 3 weeks left until the bridging loan repayment date expired, the pressure to find a repayment option was on.

Within 2 days of receiving the initial enquiry, the case had been passed through to our expert underwriting team and terms issued. The clients required a fixed rate product, for an amount of £2.8m and we sourced a lender tailored specifically to their needs. We maintained daily communication with the broker, clients, solicitors and lenders to ensure all relevant documentation was complete, and the case was moving at speed. Thanks to our close relationship with the lender involved in the deal, they understood the urgency and the case was processed as a priority. The buy-to-let mortgage completed in a timely manner, and is a more affordable option for the client going forward.