The client required the funding to pay for repairs on a boat amid cash flow difficulty.
The bridging loan was secured against an unencumbered letting property owned by the client.
Together was able to use an automated valuation model (AVM) due to the low LTV of the deal.
The specialist lender used its own internal solicitors for the legal paperwork.
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Phil Jay, director at Complete FS (pictured above), said: “This is a fantastic example of how short-term funding can really come into its own.
“We do come across these extremely urgent deadlines to raise funds and it’s refreshing to know we can get them over the line in time.
“It goes without saying that all parties have to be on the ball and, in this case, Together has been completely impressive, living up to its name.”
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