Blog post
April 12, 2022

£713k bridging deal completed in 9 days through the portal

Explore our bridging range, get instant quotes and submit your deal here. 

Location: Wanstead

Loan amount: £712,500

LTV: 75%

Purpose: Auction purchase of property with plans for light refurbishment

Read more: Why human expertise is essential for technology-enabled lending to work for brokers

A broker applied through the portal for funding for this auction purchase in Wanstead, West London. 

The borrower needed extra funds to complete the purchase and fund a 6-week refurbishment, roughly costing £45,000.

Victoria Barnard, the internal BDM who delivered the deal, explains how it was done. 

“The broker called me directly to ask me the chances of us delivering by a certain date. I was honest and said we had as good a chance as anyone, if all the 3rd party partners play their part efficiently, which they did.

“The speed with which they could get all of the information to us via the portal in addition to the relationships we have with our professionals was hugely important.

“After we got them onboard, the open communication between myself, the broker and the underwriter assigned to the deal was essential. 

“The portal is very easy to use for submitting details but I am on-hand for any support and instant decision which is why having the open dialogue from the outset is crucial.”

Explore our bridging range, get instant quotes and submit your deal here. 

Your privacy matters
We use cookies to offer you a better experience. To understand what data we collect you can access our privacy policy and cookies policy. You can also adjust your or confirm your consent by clicking the accept button.

The cookies we use:

These are required for the operation of our website. For example, they support you to log into secure areas. You may disable these by changing your browser settings, but this may affect how the website functions.
These allow us to collect information such as how you navigate our website or if you experience errors which we can use to improve your journey.
These recognise you when you return to our website so we can personalise your content and improve your visit.