£85k commission from a single deal in 3 working days!

Brokerplan Franchise News

Bridging lender Funding 365 has saved a borrowers buy-to-let portfolio from being sold at auction after delivering an £8.5m loan in just three working days.

The borrower required a quick refinance to avoid a number of properties being sold as their high street lender had appointed an LPA receiver following a dispute.

Mike Strange, Managing Director of Funding 365, said:

“We are very pleased that we were able to help the borrower retain ownership of their property portfolio and allow them the time to refinance with a term mortgage.

The deal was brokered by LINK Capital UK, (recent graduates of the Brokerplan Franchise Training Programme) the loan was supported by security over a portfolio of 16 commercial and residential properties.

John Kent, Business Development Director at Brokerplan Franchise said

“This is a classic Win:Win and demonstrates the potential while proving the success of the Brokerplan Programme. The MD of LINK came to us with no experience in the financial services sector and is now managing cases generating huge commission levels. With standard lender commission levels at 1% this equates to £85,000 even before a broker fee is charged. This case is a great example of how lucrative this business can be”.

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