Together funds £1m regulated bridge in under a week

Together funds £1m regulated bridge in under a week




Specialist lender Together has partnered with Specialist Financial Services Limited (SFS) to complete a £1m regulated bridge in less than a week.

The funding was used to secure a house purchase in Canada for a couple who were emigrating there.

The customer had previously been let down by another lender at a critical stage in the process.

It was at this point that SFS approached Together, who were quick to perform a valuation of the client’s nine-bedroom property in Kent to secure the loan.

The £1.07m regulated bridging loan was delivered within four working days with a loan-to-value of 60%.

Kerry Bradley, the business development manager for north London at Together, 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, praised Together’s conduct in the deal.

“This is the best service we have ever received from a lender on a regulated bridging loan.

“Together’s approach and ability to act fast saved our client.

“The quick turnaround required didn’t affect the level of service we received from them and they went above and beyond to provide the funding.

“Due to the efforts of everyone involved, we have a very happy introducer and [an] even happier customer.”

Leave a comment