Andre Bartlett of Savills Private Finance (SPF) said Masthaven saved the day after one bridging lender pulled out of the deal despite several weeks of negotiations.
“At this point the client was on notice to complete and running out of time,” said Andre.
“We then approached another ‘market leading rate’ lender, who also frustratingly let him down.”
Andre added that SPF approached Masthaven because it was confident the lender could respond to the tight deadline.
“Their ability to understand quickly the circumstances and have a number of people working on the loan at the same time meant that the client was lent the amount to complete on his purchase,” added Andre.
“We have been shown time and again that Masthaven understand complex deals and can deliver their expertise when there is a tight completion.
“Our introducer is extremely happy and a client who looked like they would lose £300,000 by not completing, is in their new home and we have completed another deal together.”
Andrew Bloom, Managing Director at Masthaven Finance, carried out the client visit on a Saturday night and said his team had pulled out all the stops.
“To be able to go from application to completion in such a short timeframe required a huge team effort but we have always prided ourselves on our ability to provide the best service and this case illustrates why so many intermediary firms turn to Masthaven to get the job done,” said Andrew.
“This result is down to teamwork and involved every department from sales, underwriting and credit including the directors to ensure that SPF’s client was able to buy the property he wanted in the tight timescale left to us.”
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