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.
|Loan to value:||41%|
|Loan term||12 months – rolled-up interest|
|Annual Rate||0.49% per month|