Bridging loan to finance a daughter’s property purchase In Essex

Area
Essex
Capital Raised
£80K

"3G families" are looking for creative solutions to finance multi-generational living: providing security for older parents and also funding a younger generation into the property market.

The Scenario

A couple in their 70s were planning for their older-age care, and wanting to give their daughter the deposit to buy a home they would all live in together.

The three of them were currently living in the house the parents had owned for 48 years. Their daughter needed a deposit of £80K on a new-build she was buying off-plan. But of course the parents were unable to sell their property while they were all living in it, so bridging was the solution.

The Solution

There was nothing very flashy about this deal: we just managed to tick all the boxes, and that was exactly what this family wanted.

They approached us with plenty of time before they needed the funds. They had an attractively low LTV of under 50%, so we were able to arrange bridging at a very competitive market rate, and achieved approval to draw down the funds agreed with a week to spare.

client review

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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