Pitch 4 Finance saves client almost £80k in interest
24 May 2021
Pitch 4 Finance has saved a client almost £80k a year in interest payments after a broker used the platform to refinance a property portfolio.
The client’s extensive portfolio was financed by an existing loan of £4.7m, which was charged at 5.20%, equating to annual interest payments of £244,400. Using Pitch 4 Finance, the broker was able to refinance the entire balance at just 3.5%, saving the client £78,900 each year in interest payments.
Alexandra Brandon, Client Relations at Pitch 4 Finance, says:
“This case is a powerful example of what Pitch 4 can do. The platform made the complex task of refinancing the entire portfolio quick and easy for the broker, resulting in significant savings to the borrower, a happy broker and a very happy client. With Pitch 4, we are enabling brokers to save time and focus on engaging with their clients as they are able to use the platform to source a deal and dump the cases onto us. We work like an outsourced member of a broker’s back-office team and we can do as much, or as little, work as a broker chooses.
“For those brokers who don’t feel they need full back-office support, they can choose to use the platform as a comparison tool to validate their own sourcing and product selection. We are seeing some brokers doing this as an effective use of the platform to ensure that the best solution is being achieved for the client.”
