Case Study.
We helped a customer fund her Buy to Let flat with bridging finance, arranged after a desktop valuation and in less than three weeks.
The ask
Our customer had just secured a two-bedroom flat at auction, with a view to renovating it to rent out. She had just 15 working days to arrange finance on the £48,000 property, and approached us to see what we could offer. She was looking to grow her Buy to Let portfolio, so was keen to explore whether we could support her investment ambitions in the longer term too.
The solution
We agreed a 12-month bridging loan, using a free desktop valuation at 75 per cent LTV. The case was underwritten, approved and instructed to Legal in less than 24 hours, with funds available in time for the auctioneer’s deadline. The customer has since asked us to help fund a further six properties in just two months.
“I was delighted to be able to assist this customer with their first purchase, the first step in reaching their goal of acquiring six further properties. Service is at the heart of everything we do”. Amy Morgan, Auction Sales Executive
