Bridging Loan To Downsize Property And Move Closer To Family
The Scenario
Our clients owned their £1M Surrey home mortgage-free. They wanted to downsize and move closer to their family.
Their requirements in terms of location and the type of property they wanted were quite specific. They were leaving a much-loved family home, and this was the last move they expected to make.
They found the perfect house and needed £600K to make the purchase. Obviously they had an abundance of equity available in their current home, but million-pound houses don't find their buyers straight away. They didn't want to rush their sale.
Because they were downsizing there was room in their finance: securing the right property was their top priority. And there were other buyers circling.
The Solution
We were able to arrange a short term bridging loan secured against their Surrey home within 12 days.
And as it happened, the property found a buyer at their asking price just two months later, allowing our clients to repay their bridge loan with minimal interest.
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.