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The brief
Our solution
Underwriter quote
We provided a 12 month bridging loan at our headline rate of 0.89% pm at 65% LTV to enable time for the borrower to tenant the units and apply for long term funding.
The client was in need of a bridging loan to purchase three tenanted flats in Derry/Londonderry and get tenancies in place to exit onto a BTL.
"The borrower was extremely communicative throughout the underwriting process, which really suits our bespoke way of working. It made for a really swift completion and allowed us to execute the loan without delay."
£140,000
65% LTV
0.89% PM
12 MONTHS

PURCHASE: 3 FLATS IN DERRY/LONDONDERRY
CASE STUDY
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