Specialist lender Together has come to the aid of a borrower who needed a rapid turnaround on his bridging loan application.
The loan was used to renovate his new home and pay a solicitor’s bill after he was hit with an unexpected three-month delay on the sale of his house.
The customer had already completed on his new home when he was told about the hold up with the house he was selling.
He needed the loan to cover legal costs and carry out some essential building work at his new property.
A specialist distributor brought the case to Together and the lender looked into the customer’s financial position before agreeing a 12-month short-term loan of £54,490, in 36 hours, to bridge the gap while his house sale completed.
Nick Jones (pictured), head of specialist distribution at Together, said: “This kind of case demonstrates how we can work closely with a broker to pull out all the stops when we are up against time. The Loan Partnership submitted the case to us at 7am on a Tuesday and it was so well packaged that we were able to complete the process and complete by 12pm on the Wednesday.
“We worked quickly and efficiently with the trusted partner to provide fast finance and deliver a positive outcome for the customer.”
The case was brought to Together by The Loan Partnership, a member of the Together+ initiative.
Andy Pelley, director at The Loan Partnership, said: “Together has a reputation as a lender that delivers an exceptional service under pressure and timescales. Our experience with the lender, developed over many years, meant we were able to package and submit the application overnight to ensure no time was lost.
“We know Together’s capability to turn applications around in a short space of time and are delighted with the seamless collaboration between ourselves and the lender.”