Deal of the Month: Rescue Finance for a Buy-to-Let Developer

A miniature building site

Buy-to-let investment can be a highly lucrative industry if you know what you’re doing. However, even the most seasoned developers encounter issues along the way. That is where our wealth of experience and knowledge of the market can help.

One of our clients recently came to us after her contractor left her job and her original bridging loan went into default. She had an impending appointment in court so was understandably distressed and obviously in desperate need of some professional help and financial rescue.

Using his experience, knowledge and contacts, Colin our Property Finance Specialist was able to complete her loan the day before she was due in court to face her original bridging lender. It was a close-run thing, but our client was, thanks to us, able to complete the refurbishment of her buy-to-let property too. Her rescue finance means our client is now a happy landlord.

bridging finance

Read more:
UK Commercial Lending is up by 19%
The Pure Commercial Finance Guide to Buy-to-Let Investment
The Main Risks of Property Investment

Article By Ben Lloyd

June 30th, 2016

Ben is the Director and Co-Founder of the Pure Group and Managing Director of Pure Property Finance.

Following a career in Barclays, where Ben was in the real estate finance team for 8 years, he decided that the market needed a more forward-thinking type of commercial brokerage so founded Pure Commercial Finance (now Pure Property Finance), the first company within the Pure Group.

Ben has extensive experience across the real estate sector and has participated in over £2bn of real estate transactions during the course of his career.

Ben oversees the general strategy at Pure Group and works with the senior leadership team to drive the Group forward. Ben is also on the Executive Committee of FIBA.

See more articles by Ben

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