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‘Common sense approach’ pushes re-bridge deal to completion

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Norwich

A fast turnaround and ‘common sense approach’ from Bridge Help helped Kal Woodley, Company Director and Firm Principle of Grand Union Financial, to secure a £560,000 re-bridge on behalf of his client when other lenders weren’t willing to take a risk.

BH2020 Case StudyAfter buying a cottage and land in Norwich without planning permission, Kal’s client wished to refurbish the cottage and develop three detached houses. However, to acquire planning permission, the client needed to pay an uplift fee (as part of an overage agreement), which is where Bridge Help stepped in.

Bridge Help’s Business Development Manager Katie Snodden assisted Kal in getting the deal over the line quickly for his client.

Kal explained: “Katie was really responsive and quick to get the deal completed, leaving additional time for the refurbishment of the cottage before the development of the three houses begins.”

Kal praised Bridge Help’s bespoke approach to lending with all decisions being made in-house by directors Chris Sellars, Sam Wood and Andrew Parker.

He added: “The thing I like about Bridge Help is that it’s all manual underwriting, so it’s never just ‘computer says no’. It’s a common sense approach and that’s what allowed us to get the deal over the line quickly.”

Refurbishment of the cottage has now started and, following its completion, three detached houses will also be developed on the land.

Katie Snodden, Business Development Manager added: “It was great to work with Kal and Grand Union Financial for the first time. We were delighted to be able to get this deal over the line and look forward to working together more in the future.”

If you’re looking for bridging finance for a complex deal or need a quick turnaround, Bridge Help may be able to assist you. Get in touch with our expert team today on 033 3303 4681 or apply online.

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