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Customer saves £70k thanks to our one-day turnaround

Delivering a bridging loan in just one working day, we were able to save a customer £70k by avoiding renewal fees and charges with their previous lender.

The challenge

The customer had turned to broker Dolphin Loans and Mortgages to find an alternative bridging finance provider with just three days left on their existing facility. They faced a hefty renewal fee plus penalty charges totalling £70,000 if they couldn’t move the loan in time.

 

The solution

Knowing Together’s reputation for speed, Dolphin Loans presented the case to us and following a review of the application and valuation of the property - a prime London mews - we agreed the full amount requested of £942,590. The funds were delivered just one working day after receiving the application, allowing the customer to pay off the existing loan without any costs incurred.

 

House on a street

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Build: 1.3.7.29022