Propp & Together complete £420k bridge in 48 hours
After being approached by a client at risk of losing over £100k in deposit, the team behind Propp.io, the UK’s first specialist finance comparison site enlisted Together to get the loan over the line in record time.
The client was purchasing a new build penthouse apartment, but due to some complications relating to their funds coming from overseas, the original lender pulled out at the 11th hour.
Peter Williams, CEO at Propp said ‘We took this case on understanding the immense time pressure and complexities that caused their previous loan to fall at the last hurdle thanks to the confidence we had in our working relationship with Sally Precious-Ward and the underwriting team at Together.
They take a common-sense approach to underwriting and can be consistently relied upon to deliver, even under intense time pressure as we experienced with this case.
I really cannot thank everybody involved enough.”
Sally Precious-Ward, Business Development Manager South at Together said “Working with the Propp is perfect teamwork. This case is a clear demonstration of a smooth transaction that occurs when we receive an impeccably packaged case. Broker, lender and solicitors all working ‘Together’ achieved the best possible outcome for the client.”
Peter Williams added, “We of course don’t endorse rushing every case through in such timescales as we recognise it places enormous pressure on all parties involved, but in circumstances where a client has so much at stake it shows what can be achieved when there is the motivation to succeed.
I’m immensely proud of my team, led by Tevfik Edin who packaged the case and drove it to completion while already juggling an immense workload in what has been an incredibly busy start to the year for us at Propp.
With that being said, we are expanding both our sales and admin teams and would love to chat to advisors and administrators that want to join an exciting, fast-growing business on the South Coast.”