Lendhub assists client with £1.1m bridging loan following property sale delay

Lendhub has completed a £1.1m bridging loan to assist a client who was faced with high charges following a shortfall of funds to complete their refinance.

A delay in the sale of the borrower’s property led to a lack of funds for a refinance.

The property had less than 20 years remaining on its lease and Lendhub provided a loan secured against it at 65% LTV.

Max Herman, lending manager at Lendhub (pictured above), said: “We are really pleased to be able to assist this client; we looked beyond the short lease and after a site visit by our directors, we got to know the borrower and their situation, after which we were more than happy to help.

“Our approach at Lendhub is not to tick boxes, but to look for reasons to lend and give our clients the best support for their situation.”

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