September 18, 2018
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, in just 4 days from the application being received from the customer:
A client introduced to Enterprise 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
The deposit money was needed in one week, and a High Street Buy-to-Let remortgage could not be done in such a tight time frame.
We arranged a 3 month Bridging Loan for £427,500 and from application received, funds were received in 4 days.
3 months leeway gave the client enough time to arrange a Buy-to-Let remortgage.
With over 15 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 give us a call today on 020 8731 5333.
This information is intended for professional intermediary use only and must not be distributed to potential customers.
Enterprise Finance Ltd is authorised and regulated by the Financial Conduct Authority. Firm Reference Number: 302964. Certain types of loans are not regulated, for example loans for business purposes or certain buy-to-lets. Enterprise Finance Ltd is registered with the Information Commissioners Office.
Registration Number: Z6765361 Enterprise Finance Ltd is registered in England and Wales. Company Number: 04440152. Registered Office Address: 3rd Floor, Premiere House, Elstree Way, Borehamwood, Hertfordshire. WD6 1JH.
This information is intended for professional intermediary use only and must not be distributed to potential customers