Case Study –Bridging Loan | Quick Completion

Value £3,515,000
Loan Amount £2,500,000
Location Leeds
LTV 75%
Achieved Rate 0.70% per month
Completed October 2022
Adviser Courtney Flockhart

The Client

Our client required support sourcing a solution to aid a quick completion due to pressure from his vendor. Although our client had an application in progress for a standard residential purchase, the vendor was not willing to wait for underwriting and valuation.

Our client was an entrepreneur with a very successful business that had increased in profit year on year by over 13 times. However, with a track record of only 2 years, it was proving difficult sourcing a lender that was able to proceed within the deadline provided by the vendor.