Gross Loan Amount:
£550,000
Market Value:
£800,000
LTV:
70%
Initial Circumstance
An existing broker introduced a client that required funds within 14 Days to complete the purchase of a new Investment property, for which the client had already put down a deposit. The client’s traditional lender took longer than anticipated leading to a delay in completion, which meant that speed was essential.
MFS Solution
To meet the client’s deadline, Market Financial Solutions ensured a valuer from our panel of surveyors were able to value the property the next day with the report to follow within 48 hours. In addition, we engaged our solicitors simultaneously and were able to meet the client’s deadline, ensuring the client did not lose their deposit. The exit strategy was through long term refinancing.
The Benefits
Client did not lose their property or their deposit. They also did not have the added pressure of early repayment.
Get in touch with our team
We will get back to you really quickly to discuss your project.
Want to see more?
We have more case studies which can be found here.