Ola Leslie helps Aspen client complete bridge and save deposit
Aspen Bridging legal partner Ola Leslie Solicitors has helped ensure a client completed their bridge in 10 days, saving a £32,000 deposit.
The £232,700, 73% loan-to-value (LTV) facility was completed on a 10-month term on a stepped rate starting at 0.54% per month.
The developer had secured a three-bedroom terraced house in South East London for full refurbishment.
Aspen Bridging recommended Ayesha Yunus at Ola Leslie Solicitors, who completed all legal requirements in conjunction with the lender’s representative, Leigh Haigh at FieldFisher.
At the outset of the application Saif Khalique, senior underwriter at Aspen, had utilised the business’s rapid desktop valuation bridge, due to the immediate requirement to realise funds.
Khalique said: “When speed is of the essence it is essential for a client to have legal representation that understands bridging finance, otherwise in nine cases out of ten there will be unnecessary delays.
“With our new rapid desktop valuation product we include integrated legals contact and fees, a specialist borrower solicitor service integrated with our own legal firm to maximise speed whilst offering independent advice.
“Of course borrowers can still opt to use their own representation if desired.”