Bridging loan for property purchase to be repaid by pension drawdown

Area
Derbyshire
Capital Raised
£275K

The Scenario

Our client had the opportunity to buy the house and land adjoining his Derbyshire home: he wanted to improve the difficult driveway access to his home and enlarge his garden, and then sell off the purchased house on its reduced plot of land.

A withdrawal from his £1.3M pension pot, which he could draw down in two months’ time, would give him the funds he needed.

Except he could get a substantial discount if he bought now.

The Solution

The answer was a bridging loan: we could get him the full purchase price he needed, secured against the value of his home which would be repaid quickly with the allowable 25% drawdown from his pension.

From application to offer: 6 working days.

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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