The client was buying a residential property but due to complications surrounding his business interests, the case proved too complex for other lenders.
It was brought to Masthaven’s attention because the client required a short term loan to guarantee the deal went through.
Masthaven’s underwriting team, led by Sarah Jackson, worked with Pure Funding’s Ian Wells to ensure that, as a regulated loan, the needs of the client were matched by a full assessment of affordability and that it included a concrete exit strategy.
By gaining a thorough understanding of the client’s business structure, Masthaven and Pure Funding – together with their solicitors – were able to reach a reach a positive outcome, and the loan was made.
Richard Deacon, Sales & Marketing Director at Masthaven Finance, said teamwork and experience were the key reasons behind the deal’s success.
“Pure Funding Solutions made sure we had all the tools and, importantly access to the client,” said Richard.
“Then our underwriting team, which is probably one of the most experienced in the industry, was able to work with the client and broker to bring this case to fruition.”
Danny Churchill, Director at Pure Funding Solutions, said it had been an extraordinary journey and demonstrated why Masthaven was so highly regarded.
“It goes to show that only with a fully collaborative approach can this kind of complicated case have a successful ending,” Danny said.
“My team led by Ian Wells worked very closely with Sarah Jackson at Masthaven to reach this result and with the added cooperation of both sets of solicitors, we have a very happy client.”
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