Pink Pig Loans and specialist lender Together has completed an £1.25m second charge funding facility for a buy-to-let investor who was let down by their traditional mortgage provider.
The experienced investor needed to raise between £1m to £1.25m to clear a second charge loan of £600,000 and purchase a new property to add to their buy-to-let portfolio.
Working in partnership with secured loan firm Pink Pig Loans, Together was able to fulfill the funding requirement and deliver a finance solution which met the individual needs of the customer after the had approached his previous mortgage lender and had a further advance declined
James Rainbird, managing director of Pink Pig Loans, said: “Working in partnership with Together, we recognized this loan was affordable and sustainable and were able to deliver an effective solution to this successful buy-to-let entrepreneur who otherwise wouldn’t have been able to access the funding he needed to grow.
“We look forward to providing more of this flexible finance in the future and helping our customers unlock future potential.”
Gary Bailey, sales director at Together, added: “At Together we are committed to providing access to much-needed finance through our network of partners and Pink Pig Loans did a great job in providing all the details required for us to assess the case. This allowed us to react quickly and ensured that they could deliver a high quality of service to the client.”