We have access to high street and private banks, specialist lenders, family offices and wealth managers. We also have access to private investor funds.
Rates from: Downsizing/Upsizing Releasing Funds From Your Home Short Term Lease Finance Auction Purchase As at September 2020 Rates from: Ground Up Development Light & Heavy Refurb Finance For Unmortgageable Properties Land Purchase As at September 2020 Rates from: Up to 80% LTV Minimum Loan £500k Minimum Income £100k Serviced monthly interest required As at September 2020
Buying Before Selling?
Development & Refurb
Large Bridging Loans
Releasing Funds From Your Home
Short Term Lease Finance
As at September 2020
Ground Up Development
Light & Heavy Refurb
Finance For Unmortgageable Properties
As at September 2020
Up to 80% LTV
Minimum Loan £500k
Minimum Income £100k
Serviced monthly interest required
As at September 2020
A bridging loan is a short-term loan that can get you the finance you need to purchase an overseas property. Bridging loans can temporarily ‘bridge’ the gap when there is a shortfall in funding or a cashflow issue.
You will need a clear exit strategy in order to secure a bridging loan from a lender. An exit strategy is the method you plan to use to repay the entire loan at the end of the term of finance. The exit plan you could execute is using the proceeds of the sale of your existing property to repay the loan.
If you want to avoid paying monthly interest on your loan, then you could opt to ‘roll-up’ the interest on a bridging loan to pay at the end of the term of finance. Bridging loan lenders often provide the choice to ‘roll-up’ interest, which could allow you to direct your loan to the purchase of an overseas property and not to service monthly interest payments. If you choose to ‘roll-up’ the interest on your bridging loan, you would repay the loan and interest upon execution of your exit plan.
It is commonplace for the majority of buyers to approach a traditional lender such as a high street bank for a residential mortgage when looking to purchase an overseas property. However, this might not be the best method to access the funding you need.
Typically, traditional lenders will only provide a mortgage to purchase a property abroad if they have an established branch in the country you intend to move to. This could restrict your options in relation to moving abroad.
If you have found a property that you want to purchase overseas, then you might require finance quickly to avoid losing out to another buyer. It should be noted that traditional lenders often take several weeks or even months to process an application, this could result in you losing your desired property to another buyer.
Bridging loan lenders are used to helping clients with unique requirements, which means that factors such as foreign currency, complex income and overseas property are not an issue.
Also, bridging loan lenders’ applications are processed quickly. We work with some lenders that can process an application and release the finance you need within 7 working days, depending on your set of circumstances.
Our broker service provides expert help to source finance to help you purchase overseas property.
Luther was excellent. Very clear in his advice and explanations of products and was able to move things on very quickly when we ran into difficulties with the estate agents. Without a doubt I would recommend Luther to all friends, family and colleagues. Luther was a joy to deal with and took a lot of the stress out of a troublesome transaction, from my end. I would view Luther as real asset to Clifton Private Finance Ltd.
The team at Clifton Private Finance has been outstanding, not only in helping me to obtain a mortgage on a slightly unusual home, but also in continuing to provide support and liaise with the lender and solicitors through to completion. Thank you for making the process of buying my first home much easier.
Sam O'Neill, and the new lender he identified for me, worked tirelessly together using my time constraints, to make sure my mortgage application was completed on time. They are a brilliant company to work with, fast, efficient, open and transparent from the very beginning, and turned a seemingly impossible situation into a viable one. Sam was brilliant throughout the whole process and I would highly recommend him, and his colleague Helen, to anyone without hesitation, I cannot speak highly enough about them.
I was incredibly lucky to find Clifton Private Finance after a search on line as their service has been more than exemplary. My point of contact was Sam 0’Neill and he was happy to help at every stage during the application of the bridging loan, making a stressful process much easier to deal with. He was always available by phone or email and gave prompt answers to queries I had as well as always getting back to me when he said he would. That to me is excellent customer service and I cannot thank him personally or the company enough for the support they have given me.
Adam cannot thank you enough for all your support throughout this arrangement. You have gone more than the extra mile to support us. Without you we would not have got our dream retirement home. You have been most professional and personable. Liz and I would be more than happy if you wanted to use us a reference with respect to any future clients.
Nigel & Liz K - Bristol
You have certainly shown me that you do everything for your clients, including tolerating their excessive emails and questions for updates. I have been kept in the loop, from yourself, about why the delays were occurring (Nationwide, post etc) which I would like to highlight that I really appreciated. I certainly will be able to recommend you to others as and when the need arises.
I recently contacted Clifton Private Finance after a Google search for bridging finance providers and was immediately struck by their efficiency and support. Forms were emailed over almost immediately and the necessary finance was arranged within a few days. None of the other companies I contacted came close to their professionalism, and the quote that I eventually received was impressive. Thank you Adam, your help has enabled us to reserve the house that we wanted and I certainly recommend you to others.
Mr M. R. - Oxford
Absolutely brilliant. The service was first class, got everything sorted efficiently and were always friendly. Any fees were negligible compared to the service offered. Robert was particularly outstanding.
My advisor, Robert, was very helpful in finding the mortgage to suit me. He kept me up to date throughout the process and dealt with any issues when they arose.
I have received fantastic service from your company from my first moment of contact. Adam Arnott has been dealing with my application and has kept me informed throughout the normally stressful process.