What was the scenario?
The client was currently involved in a bridging finance arrangement, compounded by the lender’s repossession process. Despite seeking advice from a reputable mortgage advisor, the client had approached several brokers, encountering challenges due to the complex nature of the deal and the tight timelines at play.
What was the issue?
Repossession proceedings were underway for four distinct securities.
How/What solution we found for the scenario
As a respected strategic partner renowned for our bridging finance acumen, our first move was to initiate contact with the director to assess the deal’s viability. With approval secured, we swiftly underwrote the case while commencing legal proceedings. Drawing on our expertise and initial assessment, we conducted four Automated Valuation Models (AVMs), greatly streamlining the process for the client. This led to a successful re-bridge for the client, with repayment expected upon the sale of their developed block of flats listed on the market.
How FinSpace can help
Want to know more about specialist property finance for a bespoke purchase? Our team of experts is here to help you find a solution, no matter what your situation is. FinSpace’s consultants have vast experience in finding bespoke solutions for securing funds.
In partnership with our network of trusted lenders, we can arrange bespoke arrangements to suit your circumstances at competitive rates. Contact us today for an initial consultation.
