Loan: Bridging loan
Amount: £427,500
Completion: 4 days from customer application received
Here's how we helped one of our broker's customers use a bridging loan as a deposit on a property. from the application being received from the customer to funds being issued in just four days.
Situation
A client introduced to Aria Finance had spotted an exciting investment property, needing £427,500 as a deposit to secure the deal. The client owned an unencumbered investment property valued at £950,000
Challenge
The deposit money was needed in one week, and a Buy-to-Let remortgage from a High Street lender would not be possible in such a short amount of time.
Solution
We arranged a three-month Bridging Loan of £427,500 and from application received, funds were received in four days. The three-month leeway gave the client enough time to arrange a Buy-to-Let remortgage.
With over 20 years of extensive experience in this market and access to a range of lenders, we can help your clients with rates from 0.44% per month, up to 75% LTV and up to 100% LTV with additional security. We can arrange loans from £50k to £30m, with loan terms from 1 month to 18 months, so why not contact us now? For a quick chat, a meeting to discuss opportunities, or a more complicated deal on your desk – drop us a line or click on our live chat to contact a member of our team immediately.