Bridging finance supports an existing customer’s next property purchase in Bexhill-on-Sea
Our Bridging Finance team provided a £271k facility for Vitae Investments Ltd, enabling the business to release equity and secure the deposit for its next property purchase.
At a glance
Project Overview
Vitae Investments Ltd needed to release equity from a property in Bexhill-on-Sea to fund the deposit for another purchase.
With a firm completion deadline in place, the borrower needed a straightforward route to funding that could provide certainty without unnecessary delays. As an existing Shawbrook customer, it also valued working with a team that already understood the business and its approach.
A solution built around the deadline
Working with Clever Commercial Finance, we structured a £271k bridging facility.
Using an AVM and accepting a non-represented solicitor helped keep the process moving, while direct access to the underwriter and close support from our completions team ensured queries were resolved promptly throughout.
The case completed within 10 working days of agreement in principle - three working days ahead of the borrower’s required deadline.
Quite simply, the application to completion process was a breeze; the key factors that made the difference were the bank’s willingness to genuinely help, Kwok, the underwriter, who gave me his mobile number, and Dash in completions, who kept me up to date every day with an email or call.
Delivering certainty when it mattered
The funding enabled Vitae Investments Ltd to release the equity needed to progress its next property purchase on time.
Aksana Green, Castle Accommodation Ltd and Magnus Strom, Vitae Investments Ltd, commented:
“What made the difference was how little friction there was along the way: legals ran smoothly without a single hold-up, and every question was sensible, asked once, and moved the case forward. We have known Shawbrook for six years now, through several bridges and term loans, and that history clearly counted for something, they know us, and it showed in how the case was handled. This bridge saved our purchase.”
Dylan Bleasdale, Strategic Relationship Manager at Shawbrook, said:
“By working closely with Marc and our internal teams, we were able to keep the process moving and provide the certainty needed to secure the client’s next purchase.”
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