Bridging Loan For Inherited Property In Chippenham

Area
Chippenham
Capital Raised
£120K

The Scenario

We were approached by a client who had found her dream holiday home in the historic market town of Chippenham in north west Wiltshire. She hoped to purchase it with her daughter and son-in-law with their joint inheritances from a deceased relative. 

The problem was that the estate was in probate, and they would probably lose the opportunity to buy before the funds were finally released.

To make things slightly more complicated, our client's brother also owned half of the inherited property they would benefit from, but wasn’t involved in the further purchase.

The Solution

Clifton Private Finance arranged short term finance of £120,000 for a 12 month term. The bridging loan was secured against the value of the property they were due to inherit, as established for probate. The repayment (exit) from the loan would come from the sale of the inherited property.

We negotiated with the lender to allow the client's brother to take independent legal advice, which enabled the transaction to proceed with minimal disruption.

Our client's feedback: "Excellent response at all times and highly professional."

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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