UK Property Finance completes £2.25m bridging loan
One of the UK’s leading property finance specialists has announced the successful completion of an ambitious £2.25m bridging loan. The team at UK Property Finance worked with Hope Capital to arrange the bridging loan which needed to be arranged as quickly as possible to meet pressing deadlines.
The facility enabled the client, a London property owner to borrow against an existing buy-to-let home in order to purchase, refurbish and resell several properties for profit. As the occupants of the BTL property were isolating with Covid-19 at the time, the lender, Hope Capital organised a drive-by survey and valuation of the property.
This enabled the client to access the funds needed ahead of the short deadline, ensuring the Covid-related issues did not complicate the transaction.
Innovation, Communication and Transparency
“It’s always a pleasure working with our friends at UK Property Finance and Freeths. Swift and transparent communication was key in ensuring we could get this deal across the line in time. A huge thank you to Lisa and Sian at UK Property Finance, Luke at Freeths and everyone else involved, who helped us to pull this case off so quickly and efficiently.” – Laura Carr, head of underwriting at Hope Capital
The collaboration between UK Property Finance and Hope Capital ensured the client was able to go ahead with his ambitious investment project, at a time when securing funds against his BTL property would have proved almost impossible on the High Street.
Fast and Efficient Finance
“Working alongside the team at Hope Capital was a joy, they were very efficient and worked quickly to resolve any issues that arose during the process. The client wanted fast finance and that is exactly what was delivered by the team at Hope Capital and everyone else involved. The smooth process delivered by Hope Capital was a relief to the client and for the processing team at UK Property Finance.” – Sian Taylor, processing executive at UK Property Finance.