We helped a customer to bridge the gap with a 36-hour turnaround.
We provided a short-term loan so a customer could renovate his new home and pay a solicitor’s bill after he was hit with an unexpected three-month delay on the sale of his house.
The customer had already completed on his new home when he was told about the hold up with the house he was selling.
He needed the finance to cover legal costs and carry out some essential building work at his new property.
A specialist distributor brought the case to us and we looked into the customer’s financial position before agreeing a 12-month short-term loan of £54,490, in just 36 hours, to bridge the gap while his house sale completed using Together's refurbishment bridging loan.
Nick Jones, head of specialist distribution, said: “This kind of case demonstrates how we can work closely with a broker to pull out all the stops when we are up against time. The Loan Partnership submitted the case to us at 7am on a Tuesday and it was so well packaged that we were able to complete the process and complete by 12pm on the Wednesday.
“We worked quickly and efficiently with the trusted partner to provide fast finance and deliver a positive outcome for the customer.”
The case was brought to us by The Loan Partnership, a member of the Together+ initiative.
Andy Pelley, director at The Loan Partnership, said: “Together has a reputation as a lender that delivers an exceptional service under pressure and timescales. Our experience with the lender, developed over many years, meant we were able to package and submit the application overnight to ensure no time was lost.
“We know Together’s capability to turn applications around in a short space of time and are delighted with the seamless collaboration between ourselves and the lender.”
Although we endeavour to lend within the shortest possible timescales, this is not always achievable in 100% of cases.