The client wished to purchase the single unit with planning to convert it into flats. 

The specialist lender was already familiar with the client having recently worked on a transaction.

Despite complex circumstances, West One operated quickly to finance two transactions for the client when another lender was unable to complete the deal within the urgent timeframe specified. 

Thanks to the due diligence being up to date and the client’s solicitors having already completed searches, the loan was completed within the notice period. 

Marie Grundy, sales director at West Ones Loans (pictured above), believed that the highly competitive property market meant being able to actually complete a deal had never been more important. 

“We’ve just announced reductions in rates across our portfolio, yet this deal is a critical reminder that the ability to complete matters to many of the clients who turn to bridging finance.

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“Reaction times combined with the capacity to understand what the client is trying to do with their property are both vital, we were able to cut through the red tape and support the sale while other lenders were unable to do so.  

“Transactions like this showcase the real need for flexible bridging finance to support investments of all shapes and sizes.”

Mobeen Chishti, managing director of Total Money Management, who worked with West One on the loan, said that it was great to see a lender reverting to traditional bridging. 

“We have now witnessed the quickest bridge in recent times, taking less than three working days. 

“This client was let down by another lender, but back-to-basics and commonsense lending prevailed. 

“Our introducer was very impressed, as was their client.”

Mobeen added that it had recently completed an office move and was looking forward to launching new products for introducers.

“West One Loans will be instrumental in enhancing even better service levels. 

“Client-focused realistic pricing will also be kept at the forefront of every deal.”