Mr and Mrs D came to UK Property Finance as they really needed funds to respond to a recent life changing event. These events required them to make substantial alterations to a residential property that they had recently purchased.
Being in the prime of their life they looked to release equity against the property, but as it was not habitable at the time and they were currently living in rented accommodation, due to the works, they did not fit the lenders stringent requirements.
Mr and Mrs D were also enjoying the delights of retirement. This situation, however, rendered them without a recognised income and above the acceptable age limit of many residential mortgages.
With so many traditional funding avenues closed to them Mr and Mrs D were starting to get very concerned about their fragile situation.
UK Property Finance listened to our customers concerns and as we are directly FCA authorised and regulated we could investigate a number of solutions for their problem.
We quickly agreed that a bridging loan would solve their urgent need of funding. A formal agreement in principle and paperwork was despatched to our one of our trusted professional representatives who met with the customer on the same night and returned all the necessary paperwork.
We are happy to report Mr and Mrs D received the funding within a week! They will be moving into their new and improved home within a few weeks.