Bluecroft Finance has announced the successful completion of a residential bridging loan in Sheffield, delivered just in time to save the client from punitive default charges.

The loan featured a 71% loan-to-value (LTV) on a residential cross charge, structured as a 12-month term rebridge.

This deal stands out as a highlight for Bluecroft Finance, not only for its complexity but for the positive impact on our client.

The borrower was facing a difficult situation with a previous lender, so Bluecroft worked closely with the client to ensure the best possible outcome for all involved.

Despite obstacles including down-valuations, lender refusals for second charge consent, and credit issues, the team worked tirelessly alongside the broker and client.

Together, they overcame every hurdle to complete the deal before the critical 4:30pm Friday deadline, avoiding another round of excessive charges for our client.

James Brocklebank, Senior Business Development Manager at Bluecroft Finance, commented:

“This case truly demonstrates what Bluecroft is all about, putting the client first, no matter how tough the circumstances.

We’re proud to have worked collaboratively with all parties to deliver a solution that protected our client’s interests and helped them move forward.

It’s a testament to the dedication and expertise of our team, and I’m delighted we could make such a positive difference.”