Loans Warehouse has successfully arranged a bridging loan for a client needing urgent refinancing, in collaboration with Bridging Finance Solutions (BFS).
The client, facing financial issues due to unforeseen events such as a legal dispute, needed to clear an existing bridging loan and mortgage with additional funds for a refurbishment project.
With a property valued at £1.5m and debts amounting to £800,000, Loans Warehouse identified BFS as the suitable lender.
They structured a 12-month regulated bridging loan, securing a net loan of £853,000.
This helped cover existing debts and provided funds for refurbishing three bathrooms and a kitchen, facilitating a successful property sale.
Vikki Edwards, head of bridging development at Loans Warehouse, said: “Our panel includes a diverse range of lenders, like Bridging Finance Solutions, who can step in when others don’t have the appetite to lend.
“Navigating a complex deal requires a responsive lender, especially when the client is motivated to complete quickly to consolidate debts and finish a build.
“Thanks to Debbie and the team at BFS, this process was seamless.
“We were able to liaise effectively with all parties—from solicitors to building control and even the existing lender—ensuring a swift and successful completion.”
Debbie Range, business development manager at BFS, said: “It was a pleasure to be able to assist with this complex deal from Loans Warehouse.
“We liaised with Greg and Vikki on a regular basis from start to finish, and their expertise and efficiency did not go unnoticed.
“As a lender, support from an introducer is invaluable, and this was maintained throughout. The deal went through as planned.”
