Mrs Y came to us with an advertisement in the newspaper for a Home Equity Release Loan. The advertisement was from a finance company we had never heard of. We were concerned that the scheme required Mrs Y to sign ownership of her house away. We put Mrs Y in touch with a specialist Independent Financial Advisor who was able to advise Mrs Y on all the options open to her, allowing Mrs Y to select a scheme which was best suited to her requirements. Once the application for the loan was approved, we were able to complete the transaction and pay the funds over to Mrs Y within 28 days.
Ms G wanted to buy a new house, but had not yet sold her own property. Ms G contacted her bank to see if they would give her a bridging loan. Although the loan was approved, the arrangement fee and interest would have amounted to several thousands of pounds. We therefore suggested that Ms G approach a relative to see whether they would be prepared to lend Ms G the money she needed to buy the new house. Ms G's relative agreed, and we were able to draw up a legally binding loan agreement and legal charge to ensure that Ms G's relative was repaid - at a much lower rate of interest than the bank - when Ms G's existing property was sold.
Mr and Mrs H wanted to take out a further loan on their mortgage to pay for improvements to their home. It took several months for the mortgage company to approve the loan during which time Mr and Mrs H had already asked their builders to start work. We made a formal complaint to the mortgage company for Mr and Mrs H as a result of which the loan offer was faxed to us the same day. We were able to carry out all of the necessary conveyancing searches online and managed to get the loan money released from the mortgage company within 3 days. The money was transferred to Mr and Mrs H's bank account the same day, and they were immediately able to settle their builder's overdue invoices.