Quick Bridging Loans Case Studies

SELECTION OF RECENT CASE STUDIES

You may require a Short Term Loan from Easy Bridging Loans for so many different reasons. Several recently completed quick loans are set out below providing a summary of various transactions in which we have been involved:

DOMESTIC RESIDENTIAL BRIDGING:

Mr & Mrs R had agreed to purchase a property in Portugal to spend their retirement abroad. Their home in Devon had sufficient equity even taking into account the fact that they had a mortgage. We arranged a four month quick loan to enable the property in Portugal to be purchased and allow their house to be sold under no pressure and with no rigid time scales.

COMMERCIAL PROPERTY:

ABC Limited owned a substantial freehold building in Edinburgh (yes we do lend in Scotland!!!) valued in excess of £500,000. The Directors of ABC required to raise the amount of £350,000 in three days, yes only three days!!! Easy Bridging Loans successfully completed the quick loan with one day to spare.

AUCTION PURCHASES:

Easy Bridging Loans are experts in the field of Property Auctions. Easy Bridging Loans advertise in many Auction Catalogues and have experienced staff present at many auctions. A recent example of one of many quick loans recently concluded on an Auction lot was a loan to Mr P who had purchased a commercial property in Chatham for £575,000. His conventional lender was unable to provide the finance for completion. Mr P would have forfeited his deposit but we lent £400,000 in four days. Another relieved and satisfied borrower benefitting from a quick loan from easy Bridging Loans!!!

BORROWERS WITH SERIOUS ADVERSE CREDIT HISTORY:

Easy Bridging Loans 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 Mr U. Easy Bridging Loans liased with his Trustee in Bankruptcy and lodged with the courts sufficient funds to clear his Bankruptcy to get a quick loan.

SPECULATIVE PROPERTY PURCHASES:

Mr C had decided to purchase a property in Brighton without planning consent. Easy Bridging Loans undertook a valuation and we were able to advance an initial sum of £350,000. Once planning consent was forthcoming we further advanced £200,000 against an increased valuation ensuring a quick loan.

SECOND CHARGE LOANS:

We specialise in providing Second Charge Loans, meaning that we can lend even if the borrower has an existing mortgage. Mr O required our assistance for a quick loan 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 without being repossessed.

Easy Bridging Loans cover all areas of the UK for a quick loan.