Lancashire Mortgage Corporation was able to fund the client of SPF Short Term Finance in less than two days, with documents being issued and solicitors instructed in a matter of hours from receiving the call.
With the addition of a 1st charge on another of the client’s Buy-to-Let properties, Lancashire Mortgage Corporation was able to cover the full purchase price and provide the funds within 48 hours.
Speaking on the speed of the deal, Chris Borwick, Associate Director, at SPF Short Term Finance, said: “This was a case where speed was key, as the client was up against a deadline to complete. Lancashire Mortgage Corporation had the offer issued and solicitors instructed on the same day and were quick to react to the increase in funding that our client required.
“It was great to work with the team and their knowledge and expertise definitely made the difference in getting this case funded.”
Speaking on behalf of the lender, Jamie Jolly, Commercial Relationship Development Manager at Lancashire Mortgage Corporation, said: “It was a pleasure working with Chris and the team at SPF Short Term Finance in order to get this bridging loan funded in the prompt and efficient manner required.
“We have a specialist and very experienced team who are able to facilitate this type of enquiry and make on the spot decisions. We have a great working relationship with SPF Short Term Finance and this case highlights what can be achieved by two companies working together so well.”
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