Bridging Loan To Downsize And Move To France For Retirement

Area
Devon
Capital Raised
£155K

The Scenario

Our clients, an elderly couple with an unencumbered property worth £420,000, wanted to sell their home in Torquay and move to France.

By selling their property, they could downsize and live abroad comfortably for their retirement.

They put their property on the market and found the perfect little French cottage to buy.

Unfortunately, their property had not yet sold and the couple were in danger of losing their retirement plans to another buyer.

Our Solution

The clients approached us and voiced their concerns about missing out on their dream property in France.

We secured an Agreement in Principle as soon as possible for our clients to provide the seller with evidence of their intent to purchase the French property.

We then were able to raise a bridging loan, secured against their existing property, for £155,000 within a number of days.

To keep the cost of borrowing to a minimum, we negotiated an exclusive rate which allowed the couple to purchase their dream property and cover the costs of moving before their existing property sold.

Sam ONeill

Finance Broker

Bristol

0117 959 5094

Have a similar situation? I specialize in bridging finance and can provide creative solutions for your property funding requirements.

Nayeem Sohal

Shariah Compliant Finance Specialist

London Office

0203 900 4322

I have over 25 years experience in providing property finance solutions for UK and International clients. I look forward to hearing from you.

Sam Norris

Senior Finance Broker

London

0203 900 4322

Have a similar situation? I am a specialist in residential and investment property finance for UK and international clients. I look forward to hearing from you.

Robert Gibb

Senior Finance Broker

Bristol

0117 959 5094

Require mortgage or short term finance for residential or buy to let property (including HMOs and limited companies)? I have extensive experience on providing property finance solutions for UK and International clients.

Adam Arnott

Senior Associate

Bristol

0117 959 5094

Are you in a similar situation? I have extensive experience in advising clients on providing creative property finance solutions. I look forward to hearing from you.

Paul Adams

Senior Associate

Bristol Office

0117 959 5094

Have a similar situation? I have over 20 years experience in providing property finance solutions for UK and International clients. I look forward to hearing from you.

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