Large Regulated Bridging Transaction

01 November 2017

Product: RB1
Loan amount: £2.9M
LTV: 61%

To prevent a chain break on a large transaction, our broker partner The Aftersales Network Ltd. arranged a regulated bridging loan of £2.9 million for their client. When concern arose over planning arrangements for the borrower’s current residence, the Shawbrook Lending Manager consulted directly with the valuer. When credit searches were due to expire, the Shawbrook team worked with all parties to extend the offer to ensure a happy outcome. The result was a smooth and successful transaction.

 

Highlights

  • rates from 0.59% pm to 0.73% pm
  • up to 70% LTV
  • loans from £50k to £2.5m
  • no minimum term and no ERCs
  • Shawbrook won “Bridging Lender of the Year” at What Mortgage Awards 2016

‘My client is exceptionally pleased with the level of service they received....Shawbrook keeps it straightforward with just two Regulated Bridging products that have transparent criteria requirements.’

Curtis Goring, The Aftersales Network Ltd.