Inspired Lending has provided a 6 month bridging loan to assist the borrower with investing in one of their PBSA sites. The 2nd charge facility of £1.22m secured against the borrower’s newly refurbished home was provided at 70% LTV within a short timeframe to facilitate this. The borrower intends to repay the loan from a refinance of the property that was already underway.

In order to meet the funding deadline, we agreed to rely on legal undertakings to address outstanding legal matters. Yet another example of our experience enabling us to address key risks early, and providing funds quickly and efficiently despite several challenges.