Only Bridging and Masthaven complete near £1million loan

AOBP’s most recent executive committee member, Only Bridging, have completed an FSA regulated bridging loan for nearly £1million pounds with award winning lender, Masthaven, in jus

Related topics:  Specialist Lending
Millie Dyson
4th November 2011
Specialist Lending cash coins increase grow money growth
The case was not particularly complicated, but needed a speedy completion due to the client having to move out of their current main residence last Friday. Masthaven were presented with the case on the Tuesday from Only Bridging with a completion date just 4 days later. Valuation was instructed immediately and was back in the Mayfair based lenders offices on the Thursday morning.

Legal work was carried out with extreme precision with both the client’s solicitors and those of Masthaven working in tandem with one another to ensure nothing was left to chance. Couriers and underwriters alike worked past their contracted hours to get the paperwork in place to ensure the chain on the purchase was not broken and no one was left in the lurch.

Richard Deacon, Sales and Marketing Director of Masthaven said:

“This was an amazing effort by all concerned. The team at Only Bridging are excellent and understood what was needed from them every step of the way. These deals only ever work if client, broker and legal teams are all working as one, the communication channels are left open and responded to immediately.

"I personally want to thank Brian Levin and Gemma Salousti form our offices for all the very hard work they put into this case along with Andrea Juniper from Only Bridging as their herculean effort ensured that this large deal went through with the minimum of fuss. I look forward to working with them again on many more deals in the future."


Only Bridging Managing Director Simon Juniper commented:

"When we received this proposition from our introducer we thought the timescales may have been too tight however we knew from at past experiences with Masthaven that we should call Richard as if anyone was going to complete a Regulated deal on time it would be them.

Having contacted Richard he gave us the confidence we needed to speak with the clients knowing that if we all worked together on this case then we could complete in time.  Andrew Bloom took ownership of the case, which was extremely impressive, and managed the client’s expectations superbly; he liaised with us, the client’s solicitors and the clients themselves so we all kept up to date with the progress.

Andrew and his team completed the deal within in the client’s timescales and they have since moved into their beautiful home. We at Only Bridging enjoyed working with the team at Masthaven and look forward to enjoying their impressive service again."
More like this
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.