Masthaven has completed a bridging loan of £233,500 in just 48 hours with TFC Homeloans and Lightfoots Solicitors for a highly time sensitive case.
The bank launched an extended suite of short-term lending solutions in mid-September in response to increased demand from brokers.
James Bloom, managing director of short term lending at Masthaven, said: “It’s cases like this, when short term lending wins the day, which highlight the vital role that Bridging can play.
“It’s a perfect example what can be achieved in a very short space of time, when a high-performing team is given clear instructions.
“The end result was a delighted customer.”
Ian Balfour, sales and marketing director of TFC Homeloans, said: “We were contacted by the broker with the highly time-sensitive case.
“We packaged it to the highest standard and worked with Masthaven and the broker to ensure the timescales were met.
“As a bridging expert, and due to these additional pressures, our team came together – smoothing the process for all parties and ensuring the broker could give their client peace of mind.
“The success of this case is a clear demonstration of our abilities and what can be achieved with teamwork.”
In September Masthaven incorporated a light development product as well as introducing standard and prime bridging products.