Beating the Deadline on a Complex Equity Release Case
The Client Background
A broker approached us with an urgent equity release case where the client needed to redeem an existing bridging loan that was due to expire imminently.
The property in London added an extra layer of complexity. It fell slightly outside standard lending criteria due to a 50% flat roof, something that many lenders would not typically accept.
With a significant 2% default fee looming if the bridging loan was not repaid on time, the pressure was firmly on to find a workable solution, and fast.
The “Positive” Solution
Understanding both the urgency and the complexity, we acted quickly to assess lender appetite and structure the case appropriately.
We approached our lender partner More2Life, presenting the strengths of the case. Despite the flat roof falling outside standard criteria, the lender took a pragmatic view and approved the application based on the wider merits.
The Loan
Product: Equity Release
Lender: More2Life
Loan Amount: £585,000
Rate: 6.3%
LTV: 26%
Broker Commission: £8,555.62
Service: Positive Lending advised
The case was fully advised by Positive Lending, ensuring the client received the right later life lending solution while navigating both property- and time-sensitive challenges.
The “Positive” Outcome
The £585,000 equity release completed on the very day the bridging loan expired, successfully avoiding the 2% default fee and delivering immediate financial relief for the client. Despite the property falling outside typical criteria, we worked closely with the lender to present the strengths of the case and a positive outcome was achieved without compromise.
“Letting someone else deal with your clients can be daunting, but this was not the case at all with Alex. He is very clearly an expert in later life lending and really puts the client first, I am very impressed.” Connor Ross, Head of Specialist Finance, Capital Finance
Why Choose Positive?
Later life lending often requires a balance of speed, expertise and strong lender relationships, particularly when cases fall outside standard criteria. When timing is critical and the stakes are high, having a specialist partner who can act quickly and present a case effectively can make all the difference.
If you have an urgent equity release case or a scenario that isn’t fitting the usual criteria, Positive Lending is here to help.