The short term loan, organised as part of the lender’s Quantum division,-which finalises high net bridging and development loans-is now secured against a residential investment property.
As a result of the loan, the client was able to pay off his existing mortgage and gain a 20 per cent discount into the bargain.
To make sure the loan was up to scratch for their client, the Quantum division teamed up with their colleagues at Adapt Finance; who first introduced the loan.
The entire process was as quick as it was comprehensive with the arrangement being finalised in just 13 days.
Bridgebank head Dean Linklater believes that the loan is proof of the group’s commitment to helping clients who are going through difficult times.
He said: “The Bridgebank Capital Group have a robust working relationship with the introducing broker on this case, which facilitated the processing of the case within the limited timescales demanded.
“Debt forgiveness settlements such as this can be extremely beneficial, and provide significant upside opportunities for Investors.”
Adapt Finance’s Mark McBriar echoed Bridgebank’s sentiments and added that by the two groups working together, the client had been able to fulfil his wish of selling his property.
He said: “We pride ourselves on delivering the right solution for our clients’ needs, whatever their circumstances.
“Thankfully Bridgebank have the same ethics resulting in our client successfully refinancing his property within rigid timescales set by his existing Bank who were putting him under severe pressure”.
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