UK Property Finance Completes £2.25m Bridging Loan
A client approached UK Property Finance seeking a bridging loan of £2.25 million, to cover the purchase cost of investment properties, carry out refurbishments and later sell on the developed properties for a profit.
The client wanted to take funds out of his unencumbered buy to let London property, although the tenants of the property had COVID. The client needed to move this forward quickly, therefore we applied with Hope Capital, who agreed to carry out a drive by valuation.
In order to meet the clients deadline it was paramount that all parties worked together to answer all points quickly and efficiently, this was completed by members of staff at UK Property Finance, Hope Capital and the lenders legal team, Freeths.
Laura Carr, Head of Underwriting at Hope Capital, commented: “It’s always a pleasure working with our friends at UK Property Finance and Freeths. Swift and transparent communication was key in ensuring we could get this deal across the line in time. A huge thank you to Lisa and Sian at UK Property Finance, Luke at Freeths and everyone else involved, who helped us to pull this case off so quickly and efficiently.”
Sian Taylor, Processing Executive at UK Property Finance, commented: “Working alongside the team at Hope Capital was a joy, they were very efficient and worked quickly to resolve any issues that arose during the process. The client wanted fast finance and that is exactly what was delivered by the team at Hope Capital and everyone else involved. The smooth process delivered by Hope Capital was a relief to the client and for the processing team at UK Property Finance.”
If you require property finance through a bridging loan, contact the team at UK Property Finance for a quick and efficient solution.