Don't invest unless you're prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
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Don't invest unless you're prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
Client’s circumstances: We were approached by a broker whose client, a professional with a property portfolio, urgently required to refinance a bridging loan that was maturing. Failure to redeem the loan on time and the client would have faced substantial default fees.
Mustard’s service: Within a week, Mustard arranged a bridging loan of £129,897, with a loan term of 9 months at 74.2% LTV and a rate of 0.9% per month.
The result: Due to the liquidity freeze and withdrawal of many lenders because of the COVID19 pandemic, the client was not able to refinance Mustard’s loan within the 9 month loan term. Mustard understood the client’s difficulties and allowed them additional time by extending the loan two times. Eventually, the client was able to refinance the loan with another lender.
