Bridge loan for retirement property purchase with a pension payout as exit
An assured lump-sum pension payout can be an effective exit on bridge finance secured against the value of a property.
The Scenario
Our client is a UK resident working in Switzerland for a major international food conglomerate. He’s looking to buy an investment property in the Home Counties, with a view to possibly living in it in when he retires.
He and his wife want to start looking for properties in the region of £600K. They have £300K to put down, and were looking for a further £300K in finance.
The Solution
Bridging finance could be secured against the value of the future property, but we needed an exit.
The solution was the 25% tax-free pension pot our client is going to be able to access in six months’ time.
We sourced a lender who is happy to accept a pension lump sum payout as exit, at market-leading rates, and our client and his wife can now begin their property search in earnest.
Jack Spillane
Finance Broker
Bristol
0117 959 5094
Is your situation similar to this? I specialise in helping clients who need creative development finance solutions, and second-charge mortgages. Give me a call any time and we can set up a detailed discussion of the finance you need.
Mathew Phillips
Finance Broker
Bristol
0117 959 5094
Are you in a similar situation? I specialise in bridging finance at Clifton Private Finance - I will find you the best funding solution for your property transaction.
Alex Chambers
Senior Finance Broker
Bristol
0117 403 4324
Are you in a similar situation? I am a specialist in residential and investment property finance for UK and international clients at Clifton Private Finance. Please don't hesitate to get in touch for a no-cost discussion of the finance you need.
Luther Yeates
Senior Finance Broker
Bristol
0117 244 5561
Are you looking for a similar type of property finance? I have extensive experience finding residential and investment property finance for UK and international clients. Please get in touch and we can arrange a time that's convenient for you to discuss your situation.
Sam ONeill
Senior Finance Broker
Bristol
0117 959 5094
Is your situation similar? I am a bridging finance specialist at Clifton. I can find a quick, cost-effective solution for the funding you're looking for.
Robert Gibb
Senior Finance Broker
Bristol
0117 959 5094
Are you looking for mortgage or short-term finance for residential or buy-to-let property (including HMOs)? I have extensive experience in finding property finance solutions for UK and international clients, both as individuals and limited companies. Please give me a call and let me see what I can do for you.
Adam Arnott
Associate Director
Bristol
0117 205 0214
Is your situation similar to this? I have extensive experience of advising clients who need creative property finance solutions. Please get in touch and we can arrange a time that suits you for a detailed discussion of your requirements.