Our client approached us to assist to redeem an existing bridging loan and to clear a CCJ which would improve her future ability to refinance.
We arranged the loan by way of a second charge on three of her investment properties, raising £285,000 with 6 months to refinance her property and sell one of the investment properties.
She was under a lot of pressure from the existing lender to complete within a short time and we were able to successfully facilitate this transaction within a 2 week window.
As Gary Poulton explains "Fast turnaround bridge finance is where we can really help clients. As we're lending our own funds we can typically obtain the agreement in principle the same day. There's certainty with our lending that a lot of brokers and lenders simply can't offer. The borrower knows for certain we're able to help them that same day and providing the due diligence stacks up and there's no surprises, the deal offered is the deal they receive."
Could bridging finance help with refinancing your existing bridge?
Call our refinancing experts on 0203 780 7610 today or contact us here
