The situation – Not wanting to miss out on their dream residential home, but struggling to sell their existing property, the clients contacted their existing mortgage broker to find out more what options were available.
Despite being a beautiful large detached 4-bedroom family home in a sought after area of Solihull, the clients were experiencing difficulties selling their property and so their mortgage broker advised that a short term £800k bridging loan could enable them to undertake some needed renovation to the current property to help the sale, as well as help them secure the purchase of their new property.
Additionally one of the clients had a unique employment position, working as a captain on a ship, so there were a multitude of complexities to consider. Needing specialist bridging advice and a broker with experience of dealing with complex income requirements, the residential mortgage broker referred the clients to TLP, and bridging advisor Russ offered his expertise.
Our solution – After an initial call with the clients to fully understand their situation and requirements, Russ approached his established bridging lender contacts to source the most competitive rate for a bridging loan with minimal fees and speed of service.
Using his in-depth criteria knowledge and our advanced sourcing software, Russ quickly identified that Greenfield Mortgages were the right bridging lender and started the application process. Given Russ’s pre-submission due diligence and the strength of his communication, Greenfield Mortgages quickly agreed to a competitive deal and the application was processed without unnecessary hurdles for our clients.
Thanks to his dedication and expertise, we’re happy to say the clients were able to secure the funding they needed to secure the dream home and undertake the renovation work to help sell their current property. Also to say thank you to the introducer for trusting TLP’s reputation to deliver, they received a healthy referral fee and we hope to continue to support them on future cases.
Get in touch today to chat to one of our bridging advisors who can discuss how we can support your clients with fast finance options and register as a TLP introducer.