Case Study
Kit Thompson and Georgia Walton, supported by Rachel Smith, recently completed a £180,000 second charge loan, securing funding at 58% LTV with a rate of 6.47%. The transaction progressed from application on 11th September to offer on 23rd September, completing just two days later on 25th September.
The finance was arranged to repay an existing bridging loan ahead of a looming deadline, providing the applicants with the funds needed to meet their repayment obligations within the required timeframe.
With a clear deadline to meet, the case was progressed efficiently from offer to completion in just two days, ensuring the bridging loan could be repaid on time and giving the applicants the funding needed to move forward.
Subject to status. Product and criteria availability is subject to change or withdrawal at any time. For intermediaries only.
