A client unfortunately was told not to enter their home due to missing mortgage payments. This led them to come to us for a secured loan. The application process was normal like every other application however due to the living and financial situation of the client, their application took a long time to process.
However we had to prioritise the client’s situation and couldn’t waste any time. So therefore we had to look for another option such as bridging loans. The application for the bridging loan was smooth in the beginning but there was a problem as the client’s current mortgage company wasn’t allowing a valuation to take place. A valuation is key when applying for loans. Our team put all their efforts with many phone calls and emails to allow a valuation to be done for the application to be successful.
