bridging loans case studies

Bridging Loans Case Studies

CASE STUDIES - Bridging Loans

There may be many different reasons why you would require a Short-Term Bridging Loan from Easy Bridging Loans Plc. Set out below are several recently completed quick bridging loans that provide a summary of the type of transactions in which we have been involved:

DOMESTIC RESIDENTIAL BRIDGING:

A client had agreed to purchase a property in Spain pending their retirement abroad.
Their home in South Wales had sufficient equity even taking into account the fact that they had a mortgage. Easy Bridging Loans PLC arranged a three month loan to enable the property in Spain to be purchased, allowing their house in South Wales to be sold under no pressure with no rigid time scales for a quick loan.

COMMERCIAL PROPERTY:

A Limited company owned a substantial freehold building in Scotland (we also offer bridging loans and lend to people in Scotland) which was valued in excess of £400,000.
The Directors of the company were required to raise an amount of £250,000 in three days.
Easy Bridging Loans Plc successfully completed the loan application with one day to spare confirming that we are providers of quick bridging loans.

AUCTION PURCHASES:

Easy Bridging Loans Plc are experts in the field of Property Auctions.
Indeed we advertise in many Auction Catalogues and have experienced staff present at many auctions. A recent example of one of many bridging loans recently concluded on an Auction lot was a loan to a person who had purchased a commercial property in Chatham.
He purchased the property for an amount of £475,000.
His conventional lender were unable to provide the finance for completion.
The client would have forfeited his deposit, but Easy Bridging Loans PLC lent him £300,000 in four days.
Another one of Easy Bridging Loans Plc's relieved and satisfied borrowers of a quick loan.

BORROWERS WITH SERIOUS ADVERSE CREDIT HISTORY:

Easy Bridging Loans Plc prides itself on the fact that we have lent to many borrowers with serious adverse credit history which may include substantial mortgage arrears and CCJ’s.
We have even lent to Borrowers who are in Bankruptcy as was the case with one of our other clients.
We liased with his Trustee in Bankruptcy and lodged with the courts sufficient funds to clear the clients Bankruptcy, another successful quick bridging loan.

SPECULATIVE PROPERTY PURCHASES:

Another of Easy Bridging Loans PLC's clients had decided to purchase a property in Brighton. He decided to purchase the property without receiving planning consent.
We undertook a valuation and were able to advance the client an initial sum of £250,000.
Once planning consent was forthcoming we further advanced £100,000 against an increased valuation, thus delivering another quick loan.

SECOND CHARGE LOANS:

We are specialist Second Charge Loan providers which means that we can lend even if the borrower has an existing mortgage. The client certainly required our help and our expertise in providing second charge loans speedily.
The borrower had built up substantial arrears with his mortgage company and they were seeking to repossess his property.
We cleared his building society arrears which allowed the borrower to market his property and realise the true value of his house. We delivered another quick bridging loan.

We could do the same for you! Contact us to find out more.