Bridging Loan In Norfolk To Buy Retirement Flat - £100K

Bridging Loan In Norfolk To Buy Retirement Flat

Area
Norfolk
Capital Raised
£100K

The Scenario

Our client, who had several assets and bonds, wanted to buy a retirement flat that was a part of a deceased estate.

Our client intended to liquidate his investments and bonds to pay for the flat; however, at the time of purchase, the client could not do so without incurring penalties from his bonds.

Unfortunately, the executor of the deceased’s estate wanted a quick sale and would not wait for the new tax year for the client to liquidate his bonds.

Our client required £75K to complete the purchase within a short time.

Our Solution

We explored every avenue of finance for our client. We concluded the best financial solution would be to arrange a bridging loan.

This is because the client would be able to liquidate his bonds within four weeks of the purchase; a short-term bridging loan was appropriate and saved the client a significant amount in penalty fees.

As some bridging lenders have minimum borrowing limits, we arranged a £100K as opposed to a £75K to save the client from incurring any additional costs from lenders for borrowing below their minimum loan limit.

The client received the funds within the deceased estate’s deadline and completed the purchase without delay.

Upon completion of his purchase, our client contacted us saying:

Clifton PF and in particular Sam O'Neill have done a great job in helping to arrange a bridging loan … at all times Sam and his expertise were on hand to help keep the whole process on track and within a tight timescale…  Without his prompt help and competence, I am sure that arranging the finance would, at best, have been delayed considerably and quite possibly it would have fallen through completely.  I would like to thank Clifton PF and in particular Sam O’Neill.

In a similar situation? Call our bridging loan team on 0117 959 5094 or use our bridging loan calculator to get an indicative quote

Max Mallinson

Finance Broker CeMAP

Cardiff

0117 332 5977

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.

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Cardiff

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Alex Morris

Private Client Adviser

Bristol

0117 332 5061

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Scott Dutfield

Finance Broker

Cardiff

0117 959 5094

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As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you

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Carly Cheeseman

Head of International

Bristol

0117 457 9922

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Nick Kerley

Finance Broker

Cardiff

0117 959 5094

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Louis Levine

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Bristol

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Sam Baker

Finance Broker

Cardiff

0117 959 5094

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As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you.

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Fergus Allen

Senior Finance Broker

Cardiff

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.

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Jacob Phipps

Finance Broker

Bristol

(+44) 0117 959 5094

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I specialize in helping international clients source residential and investment property finance for UK property. Book a free telephone consultation with me at a time to suit you.

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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. customDatabaseField-8455

Mathew Phillips

Senior 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.

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Alex Chambers

Senior Private Client Adviser

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.

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Luther Yeates

Senior Finance Broker

Bristol

0117 244 5561

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I have extensive experience finding residential and investment property finance for UK and international clients. Book a free telephone consultation with me at a time to suit you.

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Sam ONeill

Senior Finance Broker

Bristol

0117 959 5094

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I am a bridging finance specialist at Clifton Private Finance. I can find a quick, cost-effective solution for the funding you're looking for. Book a free telephone consultation with me at a time to suit you.

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