The alternative finance provider was approached by a broker on behalf of their client, who owned a substantial share of a restaurant chain, and required £500,000 at short notice to invest in the business and open more stores.

The borrower owned a large property in the UK that was highly leveraged, a yacht in Greece and a villa in Tuscany.

His shares in the restaurant chain were held in a negative pledge, meaning that he was unable to use them as collateral.

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HNW Lending reviewed the borrower’s assets and identified that the most appropriate security was via a second charge on the property in Italy with fees of less than £10,000 to secure the funding.

The loan was provided over a 12-month term at 47% LTV.

Ben Shaw, CEO at HNW Lending (pictured above), said: “My tip for brokers who want to secure fast finance [is] to make sure you complete all of the information requested in the application form as accurately as possible.

“When all of the relevant information is provided upfront, it is usually possible to get an offer out on the same day the application is received.

“Delays are often the result of receiving information piecemeal as this not only draws out the process but, as new information is revealed, it can also impact the most appropriate solution for the client.”