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: A couple had taken out a bridging loan from a well-known alternative finance provider whose loan term was coming to an end, giving the clients a limited time to repay the loan and avoid default fees. The loan was secured over a former pub that had been converted into a 40-bed luxury hostel in Bootle, Merseyside.
Mustard’s service: Within 7 working days of receiving the enquiry, Mustard provided a first charge bridging loan of £324,601, with a loan term of 12 months at 66.9% LTV.
The result: Mustard’s facility enabled the clients to refinance their loan and avoid default fees. However, the clients’ exit strategy, which was to sell the security property, took longer than expected. Catering to the clients’ situation, Mustard agreed to extend the loan two times, providing the client with enough time to realise their exit strategy.
