We received an urgent buy-to-let funding enquiry for a client who wanted to gift his son a deposit for a property purchase.
The vendor had set a very tight completion date within a week.
We worked with the broker and the lender and completed the £300,000 bridging loan within the timeframe.
| Property value | £800,00 |
| Loan to value: | 41% |
| Loan amount | £300,000 |
| Loan term | 12 months – rolled-up interest |
| Annual Rate | 0.49% per month |