Saving a Client’s Deposit After Lender Withdrawal

The Challenge
Late on a Friday afternoon, we received an urgent call from a client at risk of losing their deposit on an investment property after another bridging lender withdrew — despite the deal being at 48% LTV. Completion was required urgently, but the timeline was extremely tight.

Our Approach
Although a full completion required additional time, we immediately issued terms and placed funds with our solicitor, enabling confirmation of committed finance. Given concerns over the existing valuation, we instructed one of our trusted valuers to conduct a fresh inspection to ensure certainty.

The Outcome
The transaction completed 8 days later on a 6-month bridging loan, providing sufficient time for the client to refinance onto a buy-to-let mortgage. The client’s deposit was protected, and the purchase proceeded without issue.