Bridging Loan On Property In Hull To Raise Funds For A Deposit To Buy House In Spain

Area
Hull
Capital Raised
£50K

The Scenario:

CPF were approached by a client who had committed to the purchase of their new residential property in Benidorm, Spain.

The client had put a deposit down and had committed to an exchange date of 10 working days’ time. If the client could not meet the deadline then they were liable to lose out on the property and also lose their deposit. 

Our solution:

Speed was the driving force behind this loan and therefore our skills were put to the test from the outset. We looked to raise the £50,000 short fall from her residential property with the repayment being sale. Having originally been given a valuation date of 4 days’ time we were able to renegotiate to get a surveyor in the next day and the report back the following day. In addition we sourced the client a loan which allowed the option of joint legal representation. This meant they used the same solicitor as the lender which saved the client both time and money. 

The deal completed on time and the client was able to complete the transaction. Allowing them to move abroad and repay the bridging loan when their residential property sold.

All of this was arranged in just 10 working days.

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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