Last-Minute Bridging Loan for Buy-to-Let Purchase
Overview
Our client, an experienced property investor, required an urgent bridging loan to complete the purchase of a buy-to-let property in Croydon. Their original lender withdrew at the last moment, placing the transaction in jeopardy and risking the loss of their deposit.
Key Loan Terms
Loan Amount:
£1,400,000
Loan-to-Value (LTV):
70%
Term:
12 months
Security:
Buy-to-Let Property, Croydon
Purpose:
Purchase
Completion Time:
Within days
The Outcome
London Credit acted immediately, accepting a retyped valuation report to expedite the process. The loan was completed within days, enabling the client to secure the property without losing their deposit.
Client Testimonial
"London Credit's speed and flexibility saved our transaction. Highly recommended!"
