๐ Recent Dealโ Auction Purchase Completed! Will Fox recently completed a bridging loan for a client purchasing at auction, with the support of Velocity Bridging. Several challenges had to be overcome: ๐ The valuer had to access the property to value via an unlocked garage as the keys didn't work ๐ฅ Previous sale on the property less than 6 months ago for a significantly lower price ๐ณ Slight adverse credit to factor in ๐ And to add a bit of last-minute drama, the buyerโs solicitor was working off the wrong heads of terms from the wrong lender until 48 hours before completion! Despite the hurdles, the deal was done within the required timescale, allowing our client to secure the property, move forward with renovations, and position themselves to refinance on to a term loan in the coming months. Itโs deals like this that show the power of flexible finance and a great lender-broker partnership. To arrange an advice ๐ call me on 07444085275 or ๐ง leeb@ukmc.co.uk #BridgingFinance #AuctionPurchase #PropertyInvestment #Refinance #PropertyRenovation #BridgingLoans #BrokerLife #VelocityBridging #UKMortgageCentre
Posted by lee.burke at 2025-05-14 09:16:22 UTC