Asim Shirwani

Lendhub completes bridging loan in five days

Lendhub has completed a £550,000 residential bridging loan within five working days to save a client’s purchase from falling through.

The borrower had encountered delays in completing a BTL mortgage in the required timescales, leading to them being served notice from the seller on a connected purchase.

The deal was introduced to the specialist lender by a broker Lendhub had not previously worked with, with a non-negotiable five working day deadline. 

The challenge was accepted, and the Lendhub team, in addition to their associates from Copping Joyce and Lawrence Stephens, worked to get the deal over the line.

The six-month bridging loan was secured against a nine-bed HMO at 75% LTV in east London.

“When accepting deals of this nature, we have to be 100% confident that we can deliver exactly what and when is required for the borrower and we are extremely proud to have done just that,” said Asim Shirwani, chief commercial officer at Lendhub. 

“This deal is a great example of what we can do when time is of the essence and teams come together to deliver excellent customer service and outcome.

“I would like to take the opportunity thank all those involved in making this happen."

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