Together and The Loan Partnership deliver £160k bridging loan in nine days
Together provided a 12-month regulated bridge, cross charged against the couple’s current home and the new property.
Together and The Loan Partnership completed a £160,000 regulated bridging loan in nine days, helping clients avoid losing their deposit on a new home bought at auction.
The clients had agreed funding with another lender, who withdrew at the last minute.
Together provided a 12-month regulated bridge, cross charged against the couple’s current home and the new property.
The clients used the short-term loan to meet the auction deadline for a five-bedroom semi-detached house needing refurbishment.
They plan to spend around £50,000 on improvements, aiming to finish within eight weeks.
Sally Precious-Ward, intermediary relationship manager at Together, said: “Our regulated bridging products are designed for exactly these types of situations, where clients need fast, pragmatic solutions to secure their home purchase.
“Working alongside the Loan Partnership meant we could move with precision and pace, ensuring a smooth and successful completion.
“We’re delighted with the result and pleased to have supported such an efficient turnaround.”
The couple went to the Loan Partnership after their original broker warned them the auction deal would miss its deadline.
The Loan Partnership prioritised the case, completing in nine days and saving the buyers from losing the house and their £10,000 deposit.
Sarah Gaffney, operations director at the Loan Partnership, said: “This case demonstrates the real power of specialist lending when speed, expertise and reliability are essential.
“Auction timelines are unforgiving, and when clients face the possibility of losing their deposit, every hour matters.
“We were dedicated to turning this around quickly, and Together were outstanding partners throughout.”
Gaffney added: “The clients were overjoyed and we’re extremely proud of the outcome we achieved for them in partnership with Together.”
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