Client needed support to complete two bridging loans.

Opportunity:

This client needed funds to complete two bridge lends. Valuation came in lower on one of the properties they where using as security and the client needed help with funds to cover the shortfall.

Approach:

We offered to support the client by lending our own funds, which is a huge USP over other brokerages and lenders.

Solution:

As this loan was unsecured, we looked at other assets they owned and they had equity in a Scottish property they owned so we agreed to lend the clients the funds with the backing of an equitable charge on that property.
They subsequently came back to us the week of completion and needed a further £14,000 to cover stamp duty which we where also willing to support them with.