Great savings!!!!

Bridging finance has many uses but still the most popular is property purchases, this week we have seen a great success story. One of our regular clients contacted us as he needed to secure funds urgently to purchase a property he had found. Our client is a landlord and has several properties in the South East, he has used bridging in the past but this was special.

Our client viewed a suitable property for conversion to 3 self-contained flats with an asking price of £525,000. After making an offer to the agent and being acceptable to all parties we went to work with one of our parent companies securing a suitable mortgage.

We were then contacted to ask if we could secure alternative funding within 7 days as the seller had made an offer of a £25,000 reduction if we could complete within this timescale. Fastest Bridging went to work immediately, we are happy to report funds were secured and the £25,000 saving was duly made.

Our client said “this was a strange situation after the agent contacted me to see if I could raise funds quickly”. “It was a very good offer and one I wanted to take up, I was pleasantly surprised our easy it was to do”. “So all in all with the associated costs attached to the bridging loan it was a very good deal indeed”. “Many thanks to Fastest Bridging for delivering on time again”.

As we all know property prices are rising daily and many investors see the necessity to act quickly to secure the deal. This is of course were bridging finance comes into its own and with the costs being reduced over the last few years you may wish to give this type of funding serious consideration.

Looking to find out more?

Here at Fastest Bridging we pride ourselves on the service we provide so if you require any help or guidance do call us. One of our expert advisers will be on hand to deal with your request.