Bridging Loan To pay Mother's Care Home Fees In Devon

Area
Devon
Capital Raised
£50K

The Scenario

Our client, who owned a property worth £300,000, needed to pay her mother’s care home costs.

The client received a care home invoice for £50,000, which required urgent payment.

Our client intended to sell her house to downsize, and to pay for the costs of her mother’s care home.

Unfortunately, her property was not selling fast enough and her mother’s care home were charging interest on the outstanding fees.

Our Solution

We recognised the need for an efficient service and wanted to ensure that the client could pay her mother’s care home fees.

We arranged short term bridging loan for the client. We were able to secure the capital against her existing residential property within 11 working days. This allowed the client to pay off the care home fees and avoid having to accept a reduced offer on her residential property.

 

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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