Any bridging loan recommendations?
Discussion
A friend asked me for some help over the weekend with regards to bridging loans, but it's not something I know anything about so thought I'd post on here incase.
He seems to be in a slight pickle. He's had a mortgage for around 10 years with no late payments/problems apart from in July he didn't notice that a banking error caused his mortgage payment to not go out - this has obviously gone onto his Experien report and is causing all sorts of issues. He was hoping to arrange a £160k loan against a £450k property for 9 months (max) whilst he sells his current property. Are there any PHers in this field or knows anyone who can help. Google comes up with plenty of people but with no way to see rates etc.
He seems to be in a slight pickle. He's had a mortgage for around 10 years with no late payments/problems apart from in July he didn't notice that a banking error caused his mortgage payment to not go out - this has obviously gone onto his Experien report and is causing all sorts of issues. He was hoping to arrange a £160k loan against a £450k property for 9 months (max) whilst he sells his current property. Are there any PHers in this field or knows anyone who can help. Google comes up with plenty of people but with no way to see rates etc.
Petrus1983 said:
A friend asked me for some help over the weekend with regards to bridging loans, but it's not something I know anything about so thought I'd post on here incase.
He seems to be in a slight pickle. He's had a mortgage for around 10 years with no late payments/problems apart from in July he didn't notice that a banking error caused his mortgage payment to not go out - this has obviously gone onto his Experien report and is causing all sorts of issues. He was hoping to arrange a £160k loan against a £450k property for 9 months (max) whilst he sells his current property. Are there any PHers in this field or knows anyone who can help. Google comes up with plenty of people but with no way to see rates etc.
We don't do Bridging Loans ourselves but we have a firm we've referred people too previously, feel free to drop me a mail, happy to talk it through with him He seems to be in a slight pickle. He's had a mortgage for around 10 years with no late payments/problems apart from in July he didn't notice that a banking error caused his mortgage payment to not go out - this has obviously gone onto his Experien report and is causing all sorts of issues. He was hoping to arrange a £160k loan against a £450k property for 9 months (max) whilst he sells his current property. Are there any PHers in this field or knows anyone who can help. Google comes up with plenty of people but with no way to see rates etc.
The guys at Pure are great at this kind of finance. Ask for Luke or Tom: http://www.purecommercialfinance.co.uk/bridging-fi...
Dick Dastardly said:
The guys at Pure are great at this kind of finance. Ask for Luke or Tom: http://www.purecommercialfinance.co.uk/bridging-fi...
They spoke to Luke and seems to be going ahead - thanks 
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