Inspired Lending has successfully completed a £1.22m bridging loan to facilitate the investment in a Purpose-Built Student Accommodation site.

The borrower required additional cash resources to invest in other parts of his business portfolio.

The loan enabled the client to purchase a new home without selling their existing main residence first.

The borrower was a repeat customer who had borrowed from Hilco the previous year and this loan was against another asset in the borrower’s portfolio.

The funding comprises a £7m acquisition bridge, provided by specialist lender Octane Capital, and a £2.3m VAT loan from Adsum

Specialist lender Market Financial Solutions (MFS) has reduced rates across a number of its ranges, including bridging loans and buy-to-let.

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The quickest loan was completed in under 6 days

The deal was completed within 10 working days of obtaining credit approval