Broker Saves £1.6m House Purchase With Bridging Loan

As advised by another mortgage broker, they initial planned to raise funds against their holiday let worth £460k to facilitate with the transaction. However, with the mortgage heavily delayed at legals, a short-term finance solution was required in order to keep the vendors happy and exchange as soon as possible. Given the time constraints, the other mortgage consultant was unable to identify a solution to meet this particular date putting the property sale at risk!