Brickflow has helped to facilitate a notable transaction for intermediary Blueberry, in partnership with Together.
The deal involved an unregulated bridging loan for an auction property, marking a key development in the relationship between Blueberry and Together.
For over three years, Blueberry has partnered with Together primarily for mortgage lending.
However, with Brickflow’s support, Blueberry accessed unregulated bridging finance from Together for the first time.
Leveraging Brickflow’s search capabilities, Blueberry received bridging loan offers from five lenders within hours.
The transaction addressed a challenging situation, as Blueberry’s client required funding within a 14-day window for an auction property deemed unmortgageable.
Despite these obstacles, including a down valuation, Blueberry successfully secured a £352,240 bridging loan through Brickflow.
Ian Humphreys, CEO and founder, Brickflow, said: “This completion exemplifies the value of our platform and the strength of our relationship with Together.
“It’s exciting to see how Brickflow can open up new product channels for partners like Blueberry, even with lenders they already know well.
“This successful deal highlights the power of our technology and the synergy between Brickflow and Together in overcoming challenges and delivering excellent outcomes for clients.”
Dan Narwal, intermediary relationship manager at Together, said: “We’re delighted to work with Brickflow to support packagers with Together’s broad product range and flexible criteria.
“Arranging an unregulated bridging loan with a swift turnaround is very much at the heart of what we do.
“Through taking the time to understand the merits of the case, we were able to support the clients’ property ambitions and achieve a good outcome.
“Working with Brickflow allows Together to offer its suite of products to a wide base of intermediary partners and we look forward to supporting more customers in the future.”
