Brickflow, in collaboration with Together, orchestrated a significant financial transaction for Blueberry, a renowned intermediary, utilizing an unregulated bridging loan.
- This deal marks an important chapter in Blueberry’s engagements with Together, transitioning from mortgage-based transactions to incorporating bridging finance for the first time.
- The fast-paced transaction showcased Brickflow’s search capabilities, securing multiple loan offers from lenders in a matter of hours.
- Blueberry faced the challenge of funding an auction property labeled as unmortgageable within a tight 14-day window, which they successfully navigated with Brickflow’s aid.
- Notable figures from Brickflow and Together expressed optimism about their partnership’s potential to open up new avenues for financial collaboration.
Brickflow and Together have facilitated a substantial financial transaction for Blueberry, signifying an evolution in the services offered to intermediaries. Previously known for mortgage lending, Blueberry, with Brickflow’s assistance, embraced unregulated bridging finance from Together for the first time. This transition underscores a growing versatility in Blueberry’s financial strategies.
This noteworthy deal involved a challenging scenario where Blueberry’s client needed rapid financing for an auction property that was deemed unmortgageable. Acting swiftly, Brickflow leveraged its advanced search capabilities to provide Blueberry with bridging loan options from five different lenders within mere hours. This rapid response was critical to addressing the tight 14-day funding requirement.
The transaction was further complicated by a down valuation of the property, yet Blueberry successfully secured a bridging loan amounting to £352,240. Brickflow’s platform proved invaluable, highlighting its capacity to navigate complexities in financial arrangements efficiently.
Ian Humphreys, CEO and founder of Brickflow, expressed that this completion demonstrated the power of the platform, emphasizing the effective relationship with Together. He stated, “It’s exciting to see how Brickflow can open up new product channels for partners like Blueberry, even with lenders they already know well.”
Dan Narwal, intermediary relationship manager at Together, echoed these sentiments, acknowledging the importance of arranging unregulated bridging loans swiftly. He noted, “Through taking the time to understand the merits of the case, we were able to support the clients’ property ambitions and achieve a good outcome.”
With this partnership, Together offers its comprehensive suite of products to a broader range of intermediaries, underscoring the potential for continued collaboration and innovation in the financial sector.
The collaboration between Brickflow and Together showcases a successful foray into unregulated bridging finance, setting a promising precedent for future endeavours.
