Cheval CEO Alan Margolis said that Cheval was conscious that there might be deals stuck midstream in processing and if at all possible Cheval would seek to assist those brokers and borrowers who found themselves in that position.
“It’s clearly a sensitive situation, but where there are applicants and brokers whose loans also meet Cheval’s criteria, then it makes sense to say to those people that Cheval will try to assist where possible. Where valuations have already been carried out, we will endeavour to use those as the basis of a Cheval valuation and meet borrowers’ time deadlines”.
