Bridging Loan Arranged For a Property in Family Trust

Area
Wickham
Capital Raised
£650K

The Scenario

Our widowed client was looking to downsize from the family farm which was valued at £2m. Her home and farm were held in a family trust set up in the names of herself, her late husband and their son, although the son had no access to the trust.

She had found the home she wanted to buy nearby in Hampshire, for £800K. With her savings to help her, she required a further £650K to complete the purchase. But because agricultural properties commonly take longer to sell, she was at risk of losing her desired new home.

She wanted to move in and settle down without the added stress of selling her original home in a distressed sale.

With substantial equity in the farmhouse and agricultural business, and a tight time-frame, a bridging loan was the obvious solution.

The Solution

Many high-street lenders are reluctant to deal with more complex ownership issues. We were able to take our client’s application to a specialist lender who arranged a bridging loan for her of the full amount of £650K.

Even with bridging loan costs, our client saved money by being able to sell the farm for its valued price. The lenders involved themselves in marketing the property.

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.

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