The couple could have lost out on their home when they were let down by another lender at the last minute – but the funding was provided in four days to 60% loan-to-value.
Specialist lender Together and broker Specialist Financial Services have completed a regulated bridge of £1.07m for a couple emigrating to Canada and purchasing a home there.
The couple could have lost out on their home when they were let down by another lender at the last minute – but the funding was provided in four days to 60% loan-to-value.
Kerry Bradley, Together’s business development manager for North London, said: “To have been able to fund such a large regulated bridging loan while the product is still in its pilot stage, and to have done so in such a short turnaround time, is testament to the hard work of all involved.
“It was a real team effort; with SFS providing a quality pack, and our underwriting team working closely with the valuers and solicitors to get the deal done so quickly.
“It was a fantastic outcome for the customer and is a great example of what specialist lenders and brokers can achieve when there’s a solid partnership.”
Tony Sutton, managing director at SFS, said: “Due to the efforts of everyone involved, we have a very happy introducer and even happier customer.”
