Mr and Mrs T were in the process of selling their existing property in Leeds so that Mr T, an IT specialist could take up his new senior IT position in Hertfordshire.  BUT, unfortunately purchasers of their existing property pulled out.  Mr and Mrs T, of course, wanted to continue to buy their new home.  Pure Bridging offered them a bridging loan consisting of a first charge on the their existing property and a second  charge on the new home in Herts, both of which were paid off when their property in Leeds was sold.

Arrears and Defaults

Clients were put to us with substantial arrears, finance defaults and repossession looming.  Pure Bridging was able to re-finance the existing equity in their residential home on a 2nd charge basis, which enabled them to clear their debts and arrears and save the family home.  Their mortgage adviser was then able to remortgage their home into better, longer term, mortgage arrangements preventing their home from being re-possessed.  Thus, removing the clients unbearable personal stress and saving the day and the home for the clients.