Case Study –Short-Term Bridging Finance

Property Value	£3,700,000 & £2,350,000
Loan	£2,900,000
Location	Petersfield
LTV	48%
Rate	0.55% PCM
Adviser	Matt Karagul

The Client

Our client required support arranging short-term bridging finance, as her existing buyer fell through and she sat at the top of a chain of four transactions that were dependent on her sale proceeding. The client had provided a 21-day deadline to secure the finance to ensure the chain would not be affected.

The Solution

In understanding the client’s requirements, we were able to establish the most suitable lender. Upon presenting the case to MFT, they were able to immediately initiate the valuation and underwriting. However, a day prior to completion we were advised of an additional outstanding item that was required in order to complete. To avoid delay, we arranged to personally attend the client’s house to obtain and witness the outstanding document, allowing the deal to proceed.

The Henry Dannell Difference

Using our market knowledge and well-established relationships with Specialist Finance lenders, we were able to source a lending solution to meet the client’s requirements and deadline. During this period, rates throughout the market were also being increased, however, with our well-established relationship with the lender, MTF were able to honour the initial rate proposed to our client.