Bridging Loan To Purchase Family House In Surrey

Area
Surrey
Capital Raised
£840K

The Scenario:

This case study involved a family who needed to raise finance to secure their new family home.

Trying to manage the sale of a current home while purchasing a new one can present a number of problems. A delay in selling an existing property can result in a dream home being lost.

The clients had recently returned to the UK from living and working as expats in Asia.

Getting a mortgage in the short time they had was not a feasible option.

Our Solution:

Bridging finance provides the flexibility and peace of mind that cash-buyers enjoy. It places the buyer in the financial position to complete on the purchase of their new home, while their current property sells.

Due to our strong relationship with a number of lenders we were able to secure a bridging loan to cover the purchase price, minimising disruption for the client.

The family were able to show the seller they had the financial means to buy the property and the vendor was happy to proceed.

The property sale completed within 4 weeks allowing the family to move in.

The bridging loan was paid off a few months later once a mortgage was put in place with a high street lender.

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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