Bridging Loan To Pay Off Interest Only Mortgage Before Withdrawing Tax-Free Lump Sum

Area
Birmingham
Capital Raised
£50K

The Scenario

Our client had an interest only mortgage for his property in Birmingham which he was due to repay by the end of March.

He intended to use a tax-free lump sum from his pension as the payout, but his actual retirement date wasn't going to be until August, and his existing mortgage holder wasn't willing to extend the lending by five months until then. 

The Solution

The solution was short-term bridging finance which allowed him to repay his borrowing and have the satisfaction of owning his home outright. 

He was delighted with how easily the finance could be set up and contacted us to say:

"I'm very impressed with the efficient professionalism that Sam O'Neill demonstrated in helping to arrange my bridging loan."

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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