AFIG Swoop To The Rescue As Lender Pulls Out Last Minute

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AFIG stepped in to deliver the £200,000 to a tight deadline for an auction purchase after the original lender pulled out at the last minute due to one of the flats being in an unlettable condition.

As timing was critical, AFIG arranged for a valuer to be on site the day after application and completed the deal with only a verbal valuation figure confirmed. Post-purchase the client plans to fully refurbish the flats and resolve a planning issue before refinancing on to a buy to let mortgage.

The lender commented, “We pride ourselves on being able to turn around loan applications in rapid time – no matter how complicated the securities or unusual the circumstances. However, we can’t do this alone – thanks to our legal and valuation partners, and of AFIG for their assistance in progressing the loan to completion with time to spare.”

Jordan McBriar, CEO of AFIG explained, “We were under considerable pressure when the original lender pulled out of the transaction and left the client in a difficult situation. However, due to our experience, knowledge of the market and close working relationship with the chosen lender, coupled with their pragmatic approach, we were able to find an acceptable solution for our client. Thanks to everyone involved.”

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