MS Lending completes £250,000 loan within 48 hours

MS Lending Group has completed a £250,000 bridging loan in under 48 hours for a new borrower who required funding for the purchase of a £600,000 BTL property ahead of the stamp duty holiday deadline.

Within 30 minutes of receiving the call, the lender reviewed the application and sent terms to the client.

Once the terms were agreed, the report on title was received the following day and all checks were completed and funds transferred in less than two days.

The facility was agreed on a 12-month term in order to give the client time to remortgage with a lender onto a long-term BTL product.

Michael Stratton, managing director at MS Lending Group, said: “This is a great example of our no valuation necessary up to £500,000 loan product in practice. 

“We are so pleased we were able to deliver a great service for our client. 

“We are extremely conscious of ensuring we have products which really help our customers, and makes their lives easier, while also offering them a great experience.”

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