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.

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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