Specialist finance broker Enterprise Finance has completed a bridging loan in under five hours to help a couple buy their dream home.
The broker sourced an unregulated bridging loan at 0.75 per cent for 12 months for the couple, with Together overseeing the legal work with in-house solicitors Priority Law.
The couple wanted to borrow £145,000 to buy a £275,000 property with a loan to value of 40 per cent.
They had a buy to let property for sale and planned to use the funds to buy a house but were afraid that they could lose the house if they waited for a sale.
Enterprise Finance’s managing director Harry Landy (pictured) said: “With the 20 years of experience that Enterprise has, when we receive a case like this our wealth of expertise coupled with our connections in the market means we can secure a deal at great speed.
He said: “Our client was extremely happy they got the deal they needed with a phenomenal speed of completion.”
Together’s regional account manager Marylen Edwards said: “We pride ourselves on the speed at which we can transact – and the great service we provide – when arranging bridging finance.
He added: “Enterprise were fantastic in providing all the documentation we needed to make a lending decision so quickly. It goes to show how working closely with our key partners can help achieve the best possible outcome for their client.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.