Hope Capital has completed a re-bridge for a residential property in Warrington in just five working days.
Roger Goodwin of Goodwin Property Ltd, converted the property into a house in multiple occupation (HMO) but faced delays in securing refinance.
Hope Capital stepped in with a 12-month, £186,000 loan at a 0.85% to provide time for finding longer-term finance.
The deal advanced fully on day one with help from broker Sophie Owen at Pure Property Finance.
Hope Capital used a fast-track underwriting process, title insurance, and no upfront legal undertaking to expedite the deal.
Kim Parker (pictured), head of sales at Hope Capital, said: “This is a prime example of how we’re able to step in to support our borrowers with an ultra-fast service.
“Through our partnership with Pure Property Finance and our adaptive approach, we implemented various features, ensuring we could step in and speed up the process.
“While a 12-month loan term was initially agreed to ensure the borrower had the time needed to organise their exit strategy, we were able to provide an early redemption, demonstrating our commitment to flexibility throughout the entire loan process.”
Goodwin said: “Hope Capital came to the rescue when a mortgage offer didn’t complete on time due to capacity issues in their conveyancing team.
“I was delighted with the service I received throughout the whole process.
“I was especially grateful for the accommodations made during the valuation stage as this sped up the process and gave me more time to access my long-term options.”
Owen said: “I had an urgent bridging loan enquiry come in on a Monday morning for a client needing to exit an existing bridging loan facility on the same Friday, or face massive charges.
“I spoke with Hope Capital’s national account manager, Sam Lea, about the case who promptly got terms over.
“Andrew Bate then underwrote the case and took it through to completion.”
Owen added: “His rapid updates and seamless underwriting got the case done in time and was instrumental to getting the desired outcome for the client.
“Always so happy with Sam and Andrew as a team and this case highlighted their capabilities.
“Whenever I need a quick turnaround and first-class service, I always think to look to Hope Capital, Sam and Andrew.”
